Eight Large Submarkets with Inventory Growth of More Than 50%
https://www.realpage.com/analytics/large-submarkets-inventory-growth/
In the past five years, eight large submarkets have seen sizable apartment inventory growth.
In the past five years, eight large submarkets have seen sizable apartment inventory growth.
High supply has flipped the rental market narrative over the last year from record-low vacancy and record-high rent growth to now normal vacancy and flat rents.
Effective asking rents for professionally managed apartments inched up just 0.4% in the year-ending November 2024.
Learn why Charlotte’s Uptown/South End ranks among the top 10 busiest submarkets, with record leasing, new supply, and rent resilience.
Apartment inventory growth in some Carolinas markets has climbed well ahead of national averages.
In the latest episode of Economy Express, economists express cautious optimism, based on increased demand in housing, thriving consumer confidence and a stable job market.
Birmingham-Hoover, which has a population of over 1.1 million residents, received a record 1,510 new units in the year-ending 1st quarter.
In the latest episode of Economy Express, consumer confidence ticks down, but employment continues to show resilience.
Apartment occupancy across the Southeast region of the U.S. faded to a decade low at the end of 2023.
Since 2013, Midland/Odessa has added about 7,400 apartment units, accounting for a nearly 37% increase in total apartment inventory.