Apartment industry observers have watched over the last six years as South Florida’s condo market, considered a chief competitor to apartments in the region, has seen a meaningful development run, reshaping the Miami skyline. More than 400 towers have been under construction, with a robust pool of willing buyers. While the cranes are still present, read more
Phoenix starts the year strong in 2016. Demand is holding solid, occupancy is strong and rent growth has jumped to national top 10 levels. But will increased apartment construction derail momentum in this late-recovery market? MPF Research read more
From job growth flows household formation. Household formation stimulates housing development. Those are intuitive concepts, but when examined visually, the relationships are striking. MPF Research did just that by comparing household growth and apartment supply growth in read more
Consistency remains the theme for the Philadelphia apartment market. That’s appealing to investors who want to deploy capital in areas where the range of possible outcomes is narrow. However, with limited risk comes limited returns.
If I could summarize multifamily industry sentiment in 2016 thus far, I’d call it “cautious exuberance.” Exuberance fueled by five straight years of performance well exceeding expectations. Caution driven by the now-nagging question: How much longer can read more