Kansas City’s Growth Story
Appealing workplaces, such as WeWork, are opening in the metro’s core submarkets, attracting young professionals to live-work-play environments. Job growth has exceeded the national average and helps maintain a robust demand for apartments.
Knoxville: No Longer in Nashville’s Shadow?
Both investors and developers are actively seeking opportunities in the market, which is expected to add new units at a rate that has not been met since 2011.
Population Growth Sustains Demand in Nashville
The city is slowly diversifying its economy, venturing from reliance on the entertainment industry. In response to the growing demand, developers are ramping up construction, with more than 13,000 units underway as of July.
Phoenix: Maintaining Momentum in the Desert
The metro is outpacing the country in job creation and population growth, drawing multifamily developers and investors looking for opportunities in second-tier markets.
July 2017
Commentary and data were supplied by a senior economist with the National Association of Home Builders (NAHB).
Top 5 NYC Multifamily Sales
PropertyShark compiled the top 5 multifamily sales for August 2017 in New York City.
Rent Growth
Rents were up 2.4% nationwide, a 20-basis-point decline from July. Although overall gains have slowed during the summer months, August kept alive a streak during which rents have increased every month this year.
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.