Matrix Reports
Baltimore Multifamily Report – August 2022
Baltimore’s multifamily market posted moderate performance amid rising interest rates and a declining population. The average rent reached $1,664, up 0.8 percent on a trailing three-month basis through June, picking up after two quarters of sluggish increases. The rate remains just below the $1,706 U.S. figure. READ THE FULL YARDI MATRIX REPORT Baltimore’s economy is still lagging pre-pandemic levels of employment, but is making strides nonetheless. Job growth was at 4.1 percent —60 basis points behind the U.S. average—with 71,700 positions added in the 12 months ending in May. The unemployment rate clocked in at 3.6 percent as of May,…
Philadelphia Multifamily Report – August 2022
Halfway through 2022, Philadelphia’s multifamily market maintained its vigor despite rising uncertainty regarding the economy. Strong demand kept up with substantial deliveries and the occupancy rate in stabilized properties remained flat at 96.7 percent in May, with core submarkets beginning to regain popularity among renters. Meanwhile, the average rent rose 11.4 percent year-over-year through June, to $1,695, still trailing the $1,706 U.S. figure. READ THE FULL YARDI MATRIX REPORT Philadelphia’s employment market expanded 4.3 percent, or 113,800 jobs, in the 12 months ending in May, 40 basis points behind the U.S. rate. Leisure and hospitality (38,100 jobs), trade, transportation and…
Atlanta Multifamily Report – August 2022
Despite macroeconomic woes, the market is supported by corporate expansions and rising passenger volume.
Austin Multifamily Report – July 2022
Powered by strong employment and in-migration, the city is adding inventory at a rapid pace.
Dallas Multifamily Report – July 2022
Despite having the largest pipeline in the U.S., North Texas is recording occupancy gains.
Houston Multifamily Report – July 2022
A total of $4.8 billion in rental properties traded in just 5 months.
Orlando Multifamily Report – July 2022
Rent growth and investment continue at a steady pace in Central Florida.
Sacramento Multifamily Report – July 2022
Despite occupancy sliding, rents continue to climb.
San Francisco Multifamily Report – July 2022
After a slow recovery start, the Bay Area is catching up.
San Jose Multifamily Report – July 2022
Silicon Valley rates were up 1.8 percent in three months, well above the U.S. average.