Raleigh: Solid Fundamentals Round Triangle’s Edges
Population gains and steady rent growth are luring multifamily investors and developers to the Research Triangle. Demand is outstripping supply, but with more than 5,000 units scheduled for completion by year-end, that trend is likely to moderate.
Economy Watch: Certain Residential Markets Overvalued
In San Francisco, real residential prices have soared 65 percent since 2012, and remain 6 percent above the national average, according to the latest UBS 2017 Global Real Estate Bubble Index.
Strong Demand Augments Twin Cities Occupancy
The metro’s healthy economic growth, low unemployment rate and strong multifamily fundamentals continue to attract investors and developers to the region.
Strong Fundamentals Fuel Heavy Development in DC
Young professionals, drawn by the metro’s well-paying jobs, are pushing up demand for upscale communities in transit-oriented and live-work-play areas. However, a robust construction pipeline—the third largest in the country—is maintaining a modest rent increase, raising concerns of overbuilding.
Top 10 Dallas Communities Under Development
Offering a business-friendly climate and no state income tax, the metro is a favorite of both domestic and foreign investors. As a result, it leads the U.S. metros in units under construction.
Economy Watch: Texas LEEDs in Residential Projects
The Lone Star State has the most LEED-certified residential construction projects in the U.S., with more than half of them located in the Dallas-Fort Worth-Arlington metro area, according to a recent ABODO report analyzing USGBC data.
New Supply Keeps Rent Growth Tepid in Baltimore
Spearheaded by the revival of its core and by the emergence of the Baltimore-Washington corridor as a strategic location, the metro’s multifamily fundamentals have stabilized.
Employment Gains Spur Growth in Philadelphia
An evolving wage structure, influx of young professionals and boom in hospitality and development are helping the city’s multifamily market keep its head above water.
All Eyes on Core in Cleveland
The city’s market is growing slowly, particularly in submarkets outside the urban core that still face difficulties stemming from the last downturn.
Robust Development, Insatiable Demand in Seattle
The city has been one of the strongest rental markets during the current cycle. Over the last five years, average rents have risen nearly $500 to $1,770.