Leasing
Growing Inventory Caps Rent Growth in Austin
The metro’s economy is strong and population is booming, but a heavy new supply of apartments is limiting rent growth.
Rents Moderate in the Bay Area
Just one year after double-digit increases had bumped the average to $2,480—among the highest in the country—the rate decreased by 0.5 percent year-over-year through May.
Salt Lake City Demand Outpaces Insufficient Supply
Driven by robust population growth and low unemployment, Utah’s largest city is rapidly expanding, generating healthy housing demand, according to Yardi Matrix.
Development Boom Tempers Chicago Rent Growth
The city is preparing to receive a record level of new deliveries, with more than 8,000 units expected to come online this year, Yardi Matrix data shows.
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.
National Vacancies
Vacancy rates year-over-year decreased in all regions, with the largest change coming from the Northeast, which tightened to 4.9 percent from 5.8 percent in the first quarter of 2017.
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.