Market Intelligence: Q2 Mountains/Desert Region Update
Moderation has impacted many of the nation's Mountains/Desert multifamily markets to the largest degree in recent months. Yet, local leasing trends show some differentiation between individual markets.
While the pace of migration was always likely to ease below its rapid 2021 increase, the shift in demand fundamentals continues to influence apartment rentals and local economies. Can the Mountains/Desert region stabilize after a challenging first quarter? And if so, how does the market get back on track for the remainder of the 2023 summer months?
Join RealPage® multifamily market experts as they cover the nation's inner west region and dive into forecast expectations for the coming 12 to 18 months.
Multifamily markets in this update include:
- Boise City
- Colorado Springs
- Fort Collins
- Las Vegas
- Salt Lake City
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.
Dan SindelarMarket Analyst, RealPage, Inc.
Dan Sindelar is a Market Analyst for RealPage, Inc., where he focuses on conventional apartment market analysis, research and data methodology. Dan leverages his background in REIT and institutional investor client services to allow for easier consumption and application of data insights and analysis. Prior to joining RealPage, Dan worked as a leasing consultant and an assistant property manager at a national apartment investment and management company. Dan is a native of Chicago and received his bachelor’s degree in sociology from the University of Iowa.