Multifamily (Matrix)
Solid Supply Impacts Occupancy in St. Louis
St. Louis continues to be one of the most affordable markets in the U.S. However, workforce housing is lacking and inventory expansion is placing pressure on occupancy.
Job Gains Sustain Demand in Tampa
Above-average population and employment gains have generated a fast absorption of new multifamily product. As a result, rents went up 4.0 percent year-over-year through May.
Job Growth Fuels San Antonio
The metro’s strong economic and population growth keep creating demand for housing, despite the recent wave of supply that has tempered rent growth.
Construction Surge Dilutes Rent Growth in Miami
Following another record-breaking year for multifamily deliveries, the metro is on the verge of oversupply. As new units add up to the existing stock, we expect rents to rise 3 percent in 2018.
Record Supply Takes Its Toll in Detroit
The high number of multifamily units completed in 2017 moderated rent growth, which nevertheless continues to outpace the national average.
Albuquerque Seeks Solid Ground
A slow population growth, scarcity of new inventory and modest employment gains continue to position the metro’s multifamily market among the weakest in the country.
Downtown Boom Drives Demand in Cleveland
The metro’s urban core reached a milestone of 15,000 residents and more than 95,000 jobs in 2017, making it the largest downtown in Ohio.
Knoxville Fights for Position
The city is in the midst of a rental housing revival, spurred by trend-defying economic development.
Healthy Demographics Push Up Demand in Portland
The city’s strong economy makes it an attractive metro, especially for young professionals looking for high-income jobs.
Kansas City Grows From the Core
Young professionals continue to fuel multifamily development in the area, with rent growth registering a slight rebound in the first part of 2018.