Multifamily (Matrix)

Phoenix Matrix Report Photo by FangXiaNuo iStockphoto.com

Phoenix Multifamily Report – Summer 2019

The metro’s strong demand for multifamily housing, fueled by rapid demographic and economic growth, is projected to keep up with the development pipeline.

Salt lake City Matrix Report Photo by f11photo iStockphoto.com

Salt Lake City Multifamily Report – Summer 2019

The metro’s multifamily market continues to be strong, supported by job and population gains. Rents increased 3.0 percent year-over-year through May, 50 basis points above the U.S. growth rate.

St Louis Matrix Report Photo by Sean Pavone iStockphoto.com

St. Louis Multifamily Report – Summer 2019

Household creation continued at a healthy pace throughout the metro in the first five months of 2019, boosting multifamily demand and paving the way for rent growth.

Twin Cities Matrix Report Photo by Gian Lorenzo Ferretti Photography iStockphoto.com

Twin Cities Multifamily Report – Summer 2019

Multifamily rents in Minneapolis–St. Paul increased 3.1 percent year-over-year through May, 60 basis points above the U.S. average and slightly higher than other Midwestern markets.

Cleveland Multifamily Report – Summer 2019

The metro’s multifamily sector remained relatively stable in early 2019, with rents increasing 2.4 percent year-over-year through May, just 10 basis points below the national average.

San Antonio Matrix Report Photo by RoschetzkyIstockPhoto iStockphoto.com

San Antonio Multifamily Report – Summer 2019

The nation’s seventh-largest city is facing a sizable economic shift, which is spilling over into the multifamily market.

Kansas City Multifamily Report – Summer 2019

While several sectors contracted, the market’s main economic drivers—education and health services, the public sector, manufacturing and professional and business services—all expanded.

Portland Matrix Report Photo by Ahorica iStockphoto.com

Portland Multifamily Report – Summer 2019

Due to a combination of peak development and weakening employment gains, year-over-year multifamily rent growth in the metro decelerated to 1.2 percent.

Chicago Multifamily Report – Summer 2019

The metro remains one of the few gateway markets that face a housing deficit in the year ahead, despite the record number of units scheduled for completion by year’s end.

Orange County Metro Report Photo by DianeBentleyRaymond iStockphoto.com

Orange County Multifamily Report – Summer 2019

Despite the delivery of 4,789 units in 2018, the metro’s supply levels have yet to catch up with pent-up demand.