Matrix Metro Reports
Demand Keeps Up With Supply in Phoenix
Healthy employment and demographic trends are boosting multifamily demand in the Valley of the Sun, where rent growth is expected to reach 5.0 percent this year.
Construction Surge Stalls Rent Growth in Nashville
The metro’s multifamily market is expanding, bolstered by last year’s historically high levels of completions, which are pushing down occupancy, while limiting rent gains.
New Supply Tempers Rent Growth in Denver
The metro’s steady job additions and population gains have rapidly pushed up housing demand. But the resultant heavy apartment development has put a damper on rent growth.
Baltimore’s Downtown Revival Rolls On
Multifamily transaction volume in 2017 nearly matched 2016’s tally, which was the peak for the current cycle. This year, absorption is expected to keep pace with a spate of new supply, leading to modest rent growth.
Supply Surge Moderates Rent Growth in DC
The metro’s multifamily demand remains strong in the context of a high barrier to homeownership, while a steady influx of high-paying jobs continues to lure residents to the area.
Construction Surge Tempers Rent Growth in Boston
Bolstered by population and employment gains, multifamily demand continues to rise across the metro, spurring developer optimism and attracting new investors.
Increased Demand Pushes Up Rents in Las Vegas
The city’s multifamily recovery is a safe bet, given that it ranks among the top 10 metros for population growth.
Stepped-Up Development Takes a Toll in Philadelphia
Echoing a trend that marks some other major metros in 2018, the pace of construction has caught up with demand. That, in turn, is keeping rent growth at modest levels.
Robust Demand Keeps Occupancy Up in the Twin Cities
The metro’s multifamily market is an investor magnet, boosted by the presence of Fortune 500 companies and a strong education system, which continue to attract new residents to the region.
Job Growth Boosts Orlando
Sustained by exceptional employment and population gains, the metro’s multifamily rents continue to rise, pushing low- and middle-income residents to the suburbs.