Performance is moderating across several of the nation’s key apartment metros. But the late recovery of many West Coast markets shows that easing demand isn’t the case everywhere.
Conversely, many of the West Coast regional markets that did weather the 2020/2021 downturn are showing a pullback in demand. And with supply pipelines ramping up across many of these markets, there are some growing concerns about regional Class A product performance.
Long-term demand drivers show promise for the region at large. Still, a multitude of challenges like legislative pressure and an uneasy economic backdrop cast some uncertainty on the near-term regional outlook. As a result, apartment owners, operators and investors should approach the broader region with cautious optimism.
Join RealPage® experts Carl Whitaker and Dan Sindelar as they review recent multifamily performance across key West Coast markets and share insights into the region’s longer-term prospectus.
Multifamily markets covered this discussion include:
- Anaheim
- Bakersfield
- Eugene
- Fresno
- Kennewick
- Los Angeles
- Modesto
- Oakland
- Olympia
- Oxnard
- Portland
- Riverside
- Sacramento
- Salem
- Salinas
- San Diego
- San Francisco
- San Jose
- Santa Maria
- Santa Rosa
- Seattle
- Spokane
- Stockton
- Tacoma
- Urban Honolulu
- Vallejo
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.
Dan Sindelar
Market 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.
