Stable apartment demand has propelled continued rent growth and historically normal occupancy throughout the Northeast region.
Unlike many other pockets of the country, the Northeast also sees limited supply to help keep occupancy steady. Though there are highly localized exceptions of elevated supply — including Jersey City, Manhattan’s FiDi and pockets of Boston’s urban core — the continued stream of apartment demand has kept revenue growth afloat, and local supply pressure remains below the highest concentrations seen in Sun Belt regional markets. Whether economic and population growth headwinds limited the demand outlook beyond 2025 remains to be seen, though the current outlook appears generally favorable.
Join RealPage® market experts as they discuss market performance in New York State and across New England. Markets featured in this discussion include:
- Albany, NY
- Boston, MA-NH
- Bridgeport, CT
- Buffalo, NY
- Hartford, CT
- Ithaca, NY
- Manchester, NH
- Nassau County-Suffolk County, NY
- New Haven, CT
- New York, NY
- Norwich, CT
- Portland, ME
- Providence, RI
- Rochester, NY
- Springfield, MA
- Syracuse, NY
- Utica, NY
- Watertown, NY
- Worcester, MA
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.
Carl Whitaker
Vice President & Chief Economist, RealPage, Inc.Carl Whitaker is RealPage’s Chief Economist, leading the company's team of economists and market analysts. Carl and the Market Intelligence team specialize in analyzing and disseminating economic and market trends for the rental housing industry. He primarily focuses on presenting trends in the rental housing industry to a wide audience, including investors, asset managers, operations professionals and media, among other personas. Carl has been cited in the Wall Street Journal, Bloomberg and GlobeSt and is a frequent keynote speaker for industry events. Carl holds degrees from the University of North Texas, including a Master of Science in Applied Geography.
