San Antonio is the nation’s wort apartment occupancy performer, as the slow-growth economic market has been weighed down with heavy supply volumes.
Even after a decade of heavy apartment construction activity, the Carolinas continue to see rent growth.
September’s in-place occupancy reading hit 95% across the core 175 universities tracked by RealPage, a 0.6% boost to August’s final pre-lease rate of 94.4%.
Washington, DC is one of the nation’s best apartment demand performers, holding up fundamentals in the market.
While much of the U.S. has seen new apartment supply hitting at a rapid clip, the pace of deliveries in the West region has been more muted.
To accommodate a surge of new renters, apartment developers have stepped up construction activity in once sleepy Savannah.
The Florida job market has been robust, but so have new apartment delivery volumes.
Florida continued to see outsized apartment completion volumes in the past year, but demand volumes outpaced deliveries.
Units are sitting vacant for longer as the average number of vacant days now sits nearly five days longer than the pre-pandemic rate.
In several urban core submarkets, the existing base of apartment units has more than doubled in the last decade.