Series: Market Update
Up Close and Local: Bay Area Market Update 2019
The three Bay Area metropolitan areas – San Francisco, Oakland and San Jose – have experienced the nation’s most aggressive apartment rent growth during the current economic cycle. Pricing is up more than 50%. However, construction activity continues to accelerate, with completions in the next year or so set to double the recent annual pace of deliveries. That upturn in new supply could make the leasing environment more competitive.
Join RealPage analysts for a conversation exploring apartment sector influences that move the needle on overall performance.
Discussion topics include:
- Strengths and weaknesses in the local economy
- Affordability challenges in very expensive markets
- Neighborhood-level performance variation
Adam Couch is a market analyst with RealPage’s Data Analytics division. Prior to joining Realpage, Adam worked in the foreign exchange and futures industry where he focused specifically in capital markets. He graduated from the University of North Texas with a degree in Finance and was a part of the Student Investment Group. Adam has traveled extensively throughout China where he studied international policy and its impact on macroeconomics.
Greg WillettChief Economist, RealPage, Inc.
Greg facilitates the alignment of the firm’s technology and analytics solutions with rental housing sector needs and opportunities. He is well versed on rental housing market fundamentals and activity nationally, by metro and in individual neighborhoods. Greg is active in industry organizations such as the National Multifamily Housing Council, the Urban Land Institute and the National Apartment Association. He provides commentary for national and local business media.