Up Close and Local: Newark-Jersey City Market Update
Apartment construction in Northern New Jersey continues to accelerate, with 2019’s delivery volume set to hit a new high for the current cycle. Most of the run-up is concentrated in submarkets that offer easy commutes to Manhattan. Join Greg Willett and Adam Couch as they discuss the relationship between the increased building in metro Newark-Jersey City and the loss of momentum in pricing power growth.
- Occupancy and rent growth levels
- Newark-Jersey City’s role in the regional and national marketplace
- Trends across the spectrum of Class A, B and C properties
Adam CouchMarket Analyst, RealPage, Inc.
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.