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Apartment Jobs Snapshot for February 2019

This month’s edition highlights leasing consultant positions, for which Austin showed the greatest concentration of demand.

January 2019

Starts of buildings with five or more units increased by 4.0 percent at a seasonally adjusted annual rate in January 2019 to 289,000 after a 28.2 percent decline in December.

December 2018

Sales of existing condominiums and cooperatives decreased by 5.2 percent at a seasonally adjusted annual rate to 550,000 units in December.

Manhattan Metro report Photo by Wattanapong Plymati Stockphoto.com

Manhattan Multifamily Report – Winter 2019

Apartment demand remains high across the borough, where more than 3,700 units came online in 2018, representing 1.1 percent of total inventory.

Phoenix Multifamily Report – Winter 2019

Attracted by the market’s strong fundamentals, investors closed a whopping $5.9 billion in multifamily sales in 2018, while developers also marked a high point with the delivery of 8,162 units.

Atlanta metro report Photo by Susanne Neumann iStockphoto.com

Atlanta Multifamily Report – Winter 2019

Solid population growth and a strong economy continued to boost Atlanta’s rental market, with the city ranking third for rent growth among major U.S. metros last year.

Queens Multifamily Report – Winter 2019

Continuing to benefit from Manhattan’s spillover effect and steady job gains, the borough’s rental market ended 2018 on a positive note.

Denver Multifamily Report – Winter 2019

Although deliveries hit a cycle peak, the metro’s rapidly expanding economy and steady demographic expansion continue to boost a sturdy rental market.

Chicago Metro report Photo by Sean Pavone iStockphoto.com

Chicago Multifamily Report – Winter 2019

Rent growth in the metro continued to accelerate and reached 3.2 percent year-over-year as of January, due to increasing demand, particularly for Lifestyle units.

Detroit Metro report Photo by Sean Pavone iStockphoto.com

Detroit Multifamily Report – Winter 2019

Demand is steady in Detroit, bolstered by household formation and job gains. Drawn by the metro’s low entry costs and attractive yields, investors are targeting assets with a value-add component.