Florida Markets with Strong 1Q Demand Tallies
https://www.realpage.com/analytics/florida-markets-solid-1q-demand/
Florida overall has seen demand fade from recent highs, but some smaller markets are continuing to absorb apartments at a notable pace.
Florida overall has seen demand fade from recent highs, but some smaller markets are continuing to absorb apartments at a notable pace.
Las Vegas is seeing some of the steepest rent cuts nationwide.
Savannah was the only U.S. apartment market with big inventory growth to hold onto rent increases in the past year.
Across the U.S. regions, the South and West still dominate for concession usage in December.
In the past five years, the Sioux Falls job base has grown faster than any other Midwest market.
The small Midwest market of Lawrence, KS claimed one of the top apartment occupancy rates in the nation as of March.
The Mid-Atlantic region has enjoyed solid demand and modest supply recently, leading to one of the strongest occupancy showings nationwide.
Rent-to-income ratios vary across Texas, but generally rank below the national norm of around 23%.
Fresno’s apartment market continued to log net move-outs in 2nd quarter, according to RealPage.
In the latest episode of Economy Express, signs of stabilization continue, even while consumers remain cautious.