Performance across most East Coast multifamily markets has stabilized around long-term norms. Occupancy rates in most eastern regional markets have once again tightened above the national average. Rent growth has slowed from peak 2021/2022 levels, though the pace of growth in many regional rental housing markets is also above the U.S. average.
Join RealPage® market experts Arben Skivjani and Julia Bunch as they review the eastern seaboard group of markets and the ways in which performance trends are impacting investors’ outlook on the region. Key discussion topics include an update on migration trends, submarket-level differences in performance and a review of the 2024 outlook in both primary and secondary markets.
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
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.
Julia Bunch
Content Manager & Real Estate Writer, RealPage, Inc.Julia Bunch is the Content Manager and Real Estate Writer at RealPage, where she focuses on delivering data-driven insights into multifamily housing market trends. Julia has worked as a reporter, writer and editor covering commercial real estate, urban issues and economic development for publications such as D Magazine, Dallas-Fort Worth Real Estate Review, D CEO Magazine and Bisnow.
