Multifamily (Matrix)
Matrix Multifamily San Francisco Report – Winter 2019
A lull in the metro’s multifamily construction activity has boosted rents 3.9 percent year-over-year through October to $2,662, nearly double the national figure.
Indianapolis’ Demand Keeps Up With Supply
Multifamily demand is strong in the metro, where favorable employment and demographic trends are putting upward pressure on occupancy and giving property owners leverage to raise rents.
Columbus Maintains Stable Rent Growth
Although employment growth moderated in 2018 while multifamily development kept a steady pace, the Columbus rental market remains one of the Midwest’s top performers.
Pittsburgh STEM Growth Drives Rental Market
A diverse and balanced economy has begun to slow the region’s population decline, underpinning multifamily demand. An increasing number of young professionals have begun to call Pittsburgh their home.
St. Louis Makes Modest Gains
The metro’s multifamily market continues to improve at a middling rate, as its population and job market grow at a pace below the national average.
Matrix Multifamily Salt Lake City Report – Winter 2019
The metro’s multifamily demand is still outpacing supply, while occupancy in stabilized properties, at 96.0 percent last September, remains above the national average.
Cleveland’s Rent Growth Picks Up the Pace
With demographic contraction moderating and demand improving, rent growth in Cleveland is once again accelerating, at 2.2 percent year-over-year through October 2018.
Austin’s Demand Meets Completions
Rent growth, which had flattened around mid-year, has picked up steam again in Austin, up 3.4 percent year-over-year through October.
San Antonio’s Building Surge Dampens Rent Growth
Despite the robust pipeline, demand in the metro has remained relatively healthy as Millennials and Baby Boomers flock there to partake in the strong economy.
Phoenix Plays to Its Strengths
Positive demographic trends and one of the most active economies in the U.S. continue to support growth in the metro’s multifamily market.