Ranking U.S. Apartment Occupancy by Geographic Region
https://www.realpage.com/analytics/regional-occupancy-performance/
The four geographic regions of the U.S. experienced varied apartment occupancy performances in the past year.
The four geographic regions of the U.S. experienced varied apartment occupancy performances in the past year.
In the latest round of REITS earnings calls, many of the positive factors realized during the first quarter of the year carried into peak leasing season.
Rents for professionally managed apartments ticked up a minor 0.3% in the year-ending January 2024, with change measured on a same-store basis, according to RealPage.
Multifamily development slowed in July, amid an already stacked pipeline and continually rising interest rates.
While Chicago’s apartment market fundamentals tend to fall below national norms, more recent performances point to a trend reversal.
Apartment transaction volumes surged in 4th quarter, with the dollar value of trades – and the number of properties trading hands – hitting the highest level in more than 20 years, and possibly ever. Roughly 4,300 apartment properties changed hands at a value of nearly $148.9 billion during 4th quarter 2021, according to Real Capital read more
Job gains remain sizable among the nation’s largest markets, though the pace of growth is slowing.
Multifamily permit volumes jumped in November, as multifamily starts declined.
Moderate revisions to metro-level unadjusted employment data showed the pace of employment growth slowing.
Miami is a coastal metropolis and the second-most populous city in Florida. West Palm Beach is known for its natural beauty and palm trees, while Fort Lauderdale boasts affordable...