Many markets in the West Coast region experienced some of the nation's largest rental rate pullbacks in 2023. While effective asking rents on the West Coast have dipped in recent months, occupancy rates have been slightly more stable than in other major U.S. regions.
What economic forces are shaping local demand patterns? Will supply create downward pressure on local rents, or will there be a change in the regional demand landscape?
To find out if there’s still room for optimism as 2023 winds down, join RealPage® market experts Carl Whitaker and Julia Bunch to get their unique perspective on what’s really happening in the West Coast region.
Markets covered 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 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.
Julia Bunch
Content Manager & Real Estate Writer, RealPage, Inc.Julia Bunch is the Content Manager and Real Estate Writer at RealPage, where she focuses on delivering data-driven insights into multifamily housing market trends. Julia has worked as a reporter, writer and editor covering commercial real estate, urban issues and economic development for publications such as D Magazine, Dallas-Fort Worth Real Estate Review, D CEO Magazine and Bisnow.
