Apartment markets along the eastern seaboard have yielded generally mixed results in recent quarters, though one common trend links the region together: moderation.
With the peak summer leasing months upon us, how do the East Coast multifamily markets compare to the nation at large? Are there surprising trends happening within individual markets? How are economic trends influencing the apartment market? And to what degree is supply influencing operator behavior?
Join RealPage® experts Carl Whitaker and Arben Skivjani as they review East Coast market fundamentals and share their thoughts on the outlook for the remainder of 2023 as well as early 2024.
Multifamily metros in this update include:
- Albany
- Allentown
- Baltimore
- Boston
- Bridgeport
- Buffalo
- Charlottesville
- Harrisburg
- Hartford
- Lancaster
- Manchester (NH)
- Nassau & Suffolk Counties (Long Island)
- New York City
- Newark
- Philadelphia
- Pittsburgh
- Portland (ME)
- Providence
- Reading
- Richmond
- Roanoke
- Rochester
- Salisbury
- Springfield (MA)
- Syracuse
- Trenton
- Virginia Beach
- Washington, D.C.
- Worcester
Carl Whitaker is a Real Estate Economist with RealPage’s Data Analytics division. At RealPage, Carl has specialized in creating industry presentations, market and submarket trend reports and crafting ways in which data can be more easily consumed and leveraged by clients. Carl holds degrees from the University of North Texas, including a Master of Science in Applied Geography.
Arben Skivjani
Deputy Chief Economist and Director of Forecasting, RealPage, Inc.Arben Skivjani serves as a Deputy Chief Economist and Data Scientist for RealPage, Inc. His primary focus is on forecasting and econometric modeling, economic impact studies, reporting and analysis of macroeconomic trends that affect the multifamily industry. Prior to joining RealPage, Arben worked for several government and private sector entities, including the District of Columbia Department of Employment Services, Center for Business and Economic Development at the University of Alabama and Camoin Associates in Upstate New York.
Arben is heavily involved in the Dallas/Fort Worth Association for Business Economics where he currently serves as Vice President and is a member the National Association for Business Economics.
Arben holds a master’s degree in economics from The University of Alabama.
