Market Intelligence: Q2 California/Pacific Northwest Update
After a period of ups and downs, California/Pacific Northwest multifamily markets are beginning to experience less turbulent demand influences, with some rental metros beginning to see revenue growth as demand stabilizes and becomes more aligned with historically expected levels (as exhibited by the return to long-term average occupancy).
Meanwhile, the ongoing nationwide drawdown in new apartment construction activity suggests that, sooner rather than later, we should see supply/demand equilibrium in West Coast markets. At the same time, a few local rental metros may see slightly prolonged supply pressure relative to the national norm. Find out what this all means for your rental metro.
Join RealPage® market experts as they review regional and local market trends across California, Oregon and Washington. Included in the discussion will be a recap of fundamentals through the first few months of 2025 and an overview of near-to-mid-term expectations for West Coast multifamily through 2025 and into 2026.
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.
Meggan Taylor
Market Analyst, RealPage, Inc.Meggan Taylor is a Market Analyst for RealPage, Inc., where she applies her background in technology, business intelligence and data analytics to deliver in-depth research and analysis on multifamily performance and forecasts. Prior to joining RealPage, Meggan worked in market research and feasibility analysis for conventional multifamily and mixed-use developments.
Meggan received a bachelor’s degree in information systems from the University of Texas at Arlington, and master’s degrees in information technology and business administration from the University of Texas at Dallas.
