Matrix (Occupancy)
Strong Development Softens Demand in Portland
As the metro’s economy continues to thrive and the area adds residents at double the national rate, there is no shortage of large multifamily projects.
North Texas, Corporate Juggernaut
Dallas-Fort Worth has 48,000 multifamily units under construction, but the metro is expected to absorb its substantial pipeline due to rapid demographic expansion.
Indianapolis: Full Speed Ahead
Demand for apartments continues to be strong, thanks to the locale’s relative affordability. The city’s high-quality education system and skilled workforce attract residents and employers, propelling economic growth.
Broad-Based Employment Drives Demand in Tampa
Robust investor interest and broad employment gains are driving demand across asset classes, with population growth leading to higher multifamily occupancy rates and rents, Yardi Matrix data shows.
Miami’s Healthy Climate
With substantial job gains and above-average population growth, the metro continues to foster positive fundamentals for multifamily.
LA: Affordable Housing Wanted
Continued improvement in the area’s job market and a steady household creation maintain rent growth in contrast to the nationwide cooling trend, Yardi Matrix data shows.
San Antonio Lures Investors
Demand for apartments is expected to remain high as more residents move south to avoid the rising cost of housing in Austin.
Sacramento Sets the Pace
Although multifamily rent gains across the country have been decelerating in recent months, Sacramento continues to outperform. The average rent across the metro was up 9 percent year-over-year as of April.
Detroit: Far From Singing the Blues
After years of little multifamily supply, development is beginning to pick up, with more than 4,000 units under construction. Rents increased 4.2 percent year-over-year as of April, Yardi Matrix data shows.
St. Louis Gears Up
Despite a slowly declining population, the city continues to see positive economic trends. Developers ramped up apartment deliveries in 2016, when 1,370 units came online, according to Yardi Matrix.