Multifamily / Page 8

Jacksonville, FL, Multifamily Market Report Market Overview Jacksonville’s multifamily market has recently seen significant growth, with an influx of new supply in the past year, and remains a strong market for absorption, particularly in emerging areas. The competition among developers has dampened near-term rent growth, but the forecast suggests a return to growth by the […]

February NMHC Conference Insights The recent National Multifamily Housing Council (NMHC) conference provided a comprehensive snapshot of the current state of the real estate market, offering invaluable insights into the challenges and opportunities facing investors and developers. Attendees gathered to discuss key trends, market dynamics, and the factors shaping investment decisions in the multifamily sector. […]

West Los Angeles & Venice Beach Multifamily Market Report West LA Submarket Overview This West LA submarket includes Palms, Mar Vista, and Culver City. Culver City is known for its historical significance in the film and entertainment industry, with several studios and production facilities established in the area. The city has popular attractions like Sony […]

Northern Colorado Multifamily Year in Review Fort Collins Review & Statistics Population Growth 2022 – 349,000 2023 – 354,000 % Increase – 1.43%   Job Statistics 2,130 jobs were added in the past year, with the largest shift taking place in the Restaurant & Hotel sectors, which gained 1,800 jobs. The unemployment rate is currently […]

Birmingham & Huntsville Multifamily Market Report Birmingham Market Overview The Birmingham, AL, market is diverse, with a thriving cultural scene encompassing art, music, and culinary experiences. Over the last 12 months, Birmingham’s multifamily market has seen a notable surge in demand alongside a substantial increase in new supply. As of Q1 2024, the net absorption […]

2024 Multifamily Market Report Southeast | Review + Outlook Atlanta, GA Experiencing recent relief, Atlanta closed Q3 2023 with the strongest positive absorption in nearly two years. The positive absorption was accounted for by high-end properties (Class A), while negative absorption was seen for low-to-moderate income properties (Class C). Atlanta has 32,000 units under construction, […]

Multifamily Operating Expenses Continue to Climb | The Current Cost Landscape Despite solid multifamily demand, rising operational expenses have put a strain on multifamily owners nationwide. According to GlobeSt, operational costs for apartments grew by 8.6% year-over-year (YOY) in Q2 2023, while operating expenses have risen 28% in the last 12 months, resulting in higher […]

Costa Mesa Multifamily Market Report Multifamily Market Overview Costa Mesa is a vibrant submarket located in Orange County, CA, known for its diverse culture, thriving arts scene, and recreational opportunities. The submarket is home to South Coast Plaza, one of the largest shopping centers in the U.S. The market’s multifamily sector experienced a resurgence in […]

2023 Denver End of Year Multifamily Market Report Denver Overview Over the past decade, Denver’s population has grown by 11.7%, outpacing the national benchmark of 5.6%. Denver’s economic strength is attributed to its highly educated workforce, a globally connected airport, and a low-tax environment. The region is home to 10 Fortune 500 Companies, including notable […]