Market Intelligence: Q1 Great Lakes Region Update
The slow-and-steady nature of the nation's Great Lakes region continues to hold true even in today's rapidly moderating environment. While many other major multifamily markets are dealing with a multidecade peak in construction activity, the Upper Midwest remains relatively quiet on the construction front.
Although some longer-term headwinds tied to slowing population growth and more sluggish economic growth challenge many Great Lakes metros, the region features a few under-the-radar options for owners, operators, developers and investors who are comfortable with the low beta nature of Great Lakes performance.
Join RealPage® experts Carl Whitaker and Robin Young as they review performance across the Indiana, Michigan and Ohio set of metros.
Markets in this educational update include:
- Ann Arbor
- Fort Wayne
- Grand Rapids
- Lafayette-West Lafayette
- Lansing-East Lansing
- South Bend
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.
Robin YoungDirector & Real Estate Economist, RealPage, Inc.
As the head of market research for the mixed-use division of RealPage, Robin leverages her background in social science research and interest in real estate economics to uncover trends in the rental market. Her research provides small-business property managers with a 360-degree view of the industry, sharing insights gleaned from surveys of thousands of property managers, rental owners and renters each year. She’s best known as the author of the annual Property Management Industry Report, a Buildium®, Propertyware® and NARPM® joint publication.