Market Intelligence: Q3 Mountains/Desert Region Update
Now Available On Demand
Mountains/Desert multifamily metros were among the nation's first to see a slowdown in demand. Today's results show a wide range of performance outcomes across the region. Cities like Phoenix and Reno have been impacted by rising supply and slowing migration, which has resulted in localized rent cuts. Conversely, performance in select suburban areas remains closer to historically normal expectations.
Join RealPage® experts Carl Whitaker and Dustin Weaver as they review ongoing trends across the Mountains/Desert region. Key topics include:
- The impact of slowing economic and population growth in the region
- The ways in which new supply is shaping local markets
- Whether the ongoing slowdown is sparking some emerging signs of promise as the 2024 budget season kicks off
Multifamily markets in this update include:
- Albuquerque
- Boise City
- Boulder
- Colorado Springs
- Fort Collins
- Denver
- Las Vegas
- Phoenix
- Provo-Orem
- Reno
- Salt Lake City
- Tucson
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.
Dustin Weaver
Market Analyst, RealPage, Inc.Dustin Weaver is a Market Analyst with RealPage's Data Analytics division, where he focuses on conventional apartment market analysis, research and data methodology. Dustin leverages his background in partnering with institutional investors and REITs to enable easier consumption and application of multifamily data and analysis.
