Matrix Metro Reports
Matrix Multifamily Salt Lake City Report – Winter 2019
The metro’s multifamily demand is still outpacing supply, while occupancy in stabilized properties, at 96.0 percent last September, remains above the national average.
Cleveland’s Rent Growth Picks Up the Pace
With demographic contraction moderating and demand improving, rent growth in Cleveland is once again accelerating, at 2.2 percent year-over-year through October 2018.
Austin’s Demand Meets Completions
Rent growth, which had flattened around mid-year, has picked up steam again in Austin, up 3.4 percent year-over-year through October.
San Antonio’s Building Surge Dampens Rent Growth
Despite the robust pipeline, demand in the metro has remained relatively healthy as Millennials and Baby Boomers flock there to partake in the strong economy.
Phoenix Plays to Its Strengths
Positive demographic trends and one of the most active economies in the U.S. continue to support growth in the metro’s multifamily market.
Charlotte’s Job Gains Sustain Rent Growth
Robust demographic expansion and steady employment growth continue to spur demand for multifamily product in the metro.
Employment Regains Momentum in Albuquerque
As job creation continues at an above-trend rate, the metro’s relative affordability could prompt migration into the state, bolstering multifamily demand.
Demand for Housing Outpaces Supply in Portland
The metro’s strong economy and positive demographics are contributing to a growing demand for rental housing, especially in the workforce category.
Job Gains Keep Absorption Steady in Richmond
Healthy absorption of new stock and job growth continue to boost the metro’s multifamily market, despite the area’s sluggish economy.
Detroit Keeps Its Composure
Multifamily investors continue to focus on suburban Class B and Class C assets, with acquisition yields hitting double digits.