Matrix Reports
Robust Development Tempers Occupancy in Tampa
Multifamily demand is expected to remain strong across the metro, which has become a tech industry hotbed in recent years, due to housing affordability and a favorable tax and regulatory environment.
Supply Moderates Rent Growth in Nashville
The lack of affordable units and record deliveries are dampening growth, although healthy fundamentals and the potential for economic improvement are drawing developers and investors alike.
Strength of the Inland Empire
Rents continue to grow at a solid rate, thanks to steady job gains as the region’s economic cornerstone, the industrial sector, is surging.
Orlando Closes the Year in Style
As population gains further bolster demand, multifamily rents are prone to above-trend growth in the foreseeable future.
Demand Pushes Twin Cities’ Occupancy to Top
Although investor appetite is high, deliveries haven’t kept up with demand. Roughly 6,700 units were underway late last year, mostly targeting high-income residents.
Supply Surge Dampens Rent Growth in Kansas City
The metro continues to attract large employers and consolidate its status as a destination for travel and investment. However, the multifamily development boom has led to a rent growth slowdown.
Overbuilding Tempers Growth in Washington, DC
Too much development is finally placing pressure on rents, but the capital region still ranks among the most stable multifamily markets in the U.S.
Rents Rebound Amid Boston Building Boom
The metro’s economy remains on sound footing, generating high-paying jobs at a fast rate and driving demand for upscale housing.
Mixed-Use Picks Up Steam in Philadelphia
Despite the recent spate of multifamily deliveries, occupancy remained high across the metro, reflecting the market’s capacity to rapidly absorb new product.
Jacksonville Powers Through
A relatively limited amount of new multifamily construction in Northeast Florida has kept the occupancy rate above its historical average, presenting opportunity for increased rent growth.