Matrix Metro Reports

Denver Multifamily Report – Winter 2019

Although deliveries hit a cycle peak, the metro’s rapidly expanding economy and steady demographic expansion continue to boost a sturdy rental market.

Chicago Metro report Photo by Sean Pavone iStockphoto.com

Chicago Multifamily Report – Winter 2019

Rent growth in the metro continued to accelerate and reached 3.2 percent year-over-year as of January, due to increasing demand, particularly for Lifestyle units.

Detroit Metro report Photo by Sean Pavone iStockphoto.com

Detroit Multifamily Report – Winter 2019

Demand is steady in Detroit, bolstered by household formation and job gains. Drawn by the metro’s low entry costs and attractive yields, investors are targeting assets with a value-add component.

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Baltimore Multifamily Report – Winter 2019

Despite a cycle peak in new apartment developments last year, demand remained strong, maintaining occupancy within a relatively tight range.

Austin matrix mf report Image credit Roschetzky IstockPhoto.com

Austin Multifamily Report – Winter 2019, Part 2

Despite a steady pipeline of new product, rent growth across the metro continued, ending 2018 at 3.6 percent year-over-year, while a healthy demand has put upward pressure on occupancy.

Albuquerque Multifamily Report – Winter 2019

Large investments in the area have brought the metro’s job growth in line with the U.S. average for the first time this cycle, boosting rental demand along the way.

Knoxville Multifamily Report – Winter 2019

Knoxville’s multifamily market is showing signs of growth as the cycle stretches further. Slow construction activity and healthy demand are putting upward pressure on occupancy and rents.

Twin Cities Matrix MF Report Image by Vito Palmisano iStockphoto.com

Twin Cities Multifamily Report – Winter 2019

Despite a new cycle peak in apartment deliveries in 2018, the average rent growth across the metro remained above the national average.

Kansas City Matrix MF report Image by Sean Pavone iStockphoto.com

Kansas City Multifamily Report – Winter 2019

Despite an uptick in deliveries, demand for apartments remains robust across the metro, where occupancy in stabilized properties rose to 94.9 percent as of November.

Philadelphia Matrix MF report Image by Chris Boswell iStockphoto.com

Philadelphia Multifamily Report – Winter 2019

Rent growth began to accelerate in the fourth quarter, closing 2018 at 2.9 percent year-over-year, while investors boosted annual deal volume to $1.4 billion.