Absorption
Jacksonville’s Rapid Growth
A healthy employment climate, an inexpensive cost of living and mild weather are attracting jobs and new residents, creating demand for apartments and bolstering rent growth, according to Yardi Matrix.
Rapid Growth in Raleigh-Durham
The metro continues to appeal to investors who are being priced out or struggling to find high acquisition yields in major markets. The combination of job and population growth has generated a strong demand for apartments, with average rents reaching $1,075.
Phoenix Rising
The Valley of the Sun is riding a wave of solid performance. New supply is keeping pace with demand, helping to maintain healthy vacancy rates.
Portland’s Silicon Forest Continues to Grow
Multifamily demand remains elevated, fueled by a healthy job market and an influx of young people. Oregon’s GDP grew 4.6 percent as of the third quarter of 2016, placing it in the top 10 fastest-growing states in the nation.
The Inland Empire Expands
Multifamily rent growth in San Bernardino and Riverside counties continued its extremely fast pace over the past year, supported by a healthy job market and moderate inventory expansion, Yardi Matrix data shows.
Steady San Diego
Rents were up 4.8 percent in the year ending in March, continuing to outperform the national average, Yardi Matrix data shows. And at 96.8 percent, the metro’s occupancy rate is one of the highest in the country.
National Vacancies
Vacancy rates for office markets are expected to decrease by 2.7 percent in the Midwest and remain almost the same as in the first quarter of this year for the other regions.
Office Sector Offers Opportunity in Q2
Robust job growth bodes well for office properties, despite uncertainty about the current cycle and future political and economic policy.
Record-Breaking Year for DC Multifamily
The capital is experiencing strong fundamentals, including robust employment, healthy population gains and cycle-high rental rates, per-unit prices and median home values.
Tourism Sparks Orlando’s Boom
The metro’s multifamily market is expanding rapidly as a result of its strengthening economic fundamentals. Investor demand is robust, with more than $2 billion in properties changing hands during each of the past two years.