As the next building cycle for the Portland area is still another year out, vacancy rates are expected to fall to historic lows across the metro.
MARKET SNAPSHOT: Albuquerque Multifamily Takes Hit Due to Poor Employment, Renewed Single-Family Growth
As employment in the Albuquerque MSA tumbled 0.5 percent in 2011, reflecting a loss of 1,900 jobs, demand for apartments fell to a four-year low.
Fort Carson, a 137,000-acre U.S. Army Base in Colorado Springs, will see the addition of a 2,700-soldier aviation brigade by 2013, raising the total GI population of the base to around 30,000, according to Hendricks & Partners.
Multifamily sales in the Las Vegas metro area increased by 59.6 percent between the third quarters of 2010 and 2011, this in concurrence with the overall unemployment rate dropping from 15.5 percent to 14.2 percent.