Matrix Metro Reports
Brooklyn Receives Royal Treatment
The area’s rents stopped their slide this spring, following a lengthy spell when affordability issues and insufficient Renter-by-Necessity stock had driven residents away from the borough.
Supply Wave Softens Demand in Queens
This year’s multifamily development is expected to reach a cycle peak in the borough, which continues to benefit from Manhattan’s prohibitive prices.
Demand Shines in Seattle
The metro’s multifamily rent growth continues to outpace the national average, due to healthy demographic trends, steady job gains and escalating household formation.
Upscale Units Drive Rent Growth in San Jose
The metro’s affordability issues are likely to continue, since multifamily developers are focusing on high-end assets, which are more profitable than working-class units.
Demand Eclipses Rising Supply in Orange County
Steady job gains and a high barrier to homeownership maintain a strong multifamily demand in the area, giving landlords the pricing power.
Diluted Inventory Moderates Growth in Manhattan
Due to a quick increase in rental unit and condo development, rents and per-square-foot prices are sliding in the prohibitively priced market.
Fundamentals Flourish in LA
Increased investor interest in the metro’s multifamily assets is driving property values to new highs, while keeping acquisition yields at nationwide lows.
Houston Makes Buoyancy Its Brand
The metro’s multifamily market displayed a strong performance in the fourth quarter of 2017. As construction remains robust, rents are expected to rise by 2.3 percent in 2018.
Economic, Supply Growth Remains High in Dallas
Both multifamily development and investment in DFW continue at a torrid pace, bolstered by one of the country’s best-performing economies and rapid population gains.
Tech, Finance Sectors Revive Growth in Chicago
The city remains a financial powerhouse and continues to add high-paying jobs, helping rent growth achieve a slight recovery.