Matrix Reports
Record Supply Moderates Rent Growth in St. Louis
The city’s job gains are somewhat middling, but a below-trend unemployment rate means that housing continues to be in high demand.
Full Throttle in Detroit
The city is well into its economic resurgence, attracting investors and young professionals with the help of startups, technology companies and automotive giants that are exploring the trending mobility industry.
Pittsburgh’s Growth Spurt
Although underperforming against the U.S. average, the city’s multifamily market has stayed relatively stable.
Demand Dampens Amid Building Surge in Cleveland
Although underperforming against the U.S. average, the area’s multifamily market remains stable, fueled by the revitalization of the city’s core.
Heavy Demand Powers Development Surge in Indianapolis
The apartment boom continues in the city, spurred by demographic factors and a strong economic engine.
Upscale Demand Boosts Rent Growth in Richmond
After trailing the U.S. average throughout the current cycle, the metro’s rent growth reached 2.6 percent as of December, bucking the national trend during 2017’s fourth quarter.
San Diego Remains a Landlord’s Market
Demand continues to be healthy in the area, sustained by demographic expansion and a sluggish pipeline. Rent growth ended 2017 at 4.6 percent, nearly double the U.S. average.
Construction Surge Stalls Rent Growth in San Antonio
Despite a wave of new deliveries—which dampened rent growth to just 0.8 percent—the metro’s multifamily fundamentals remain healthy, sustained by above-trend employment gains.
Oversupply Softens Rent Growth in Portland
A healthy job market and strong population gains continue to sustain multifamily demand across the metro, where more than 5,000 apartments are scheduled for delivery in 2018.