Market Spotlight: Raleigh-Durham
Raleigh-Durham has been a prime example of a high in-migration market in recent years and has the new construction pipeline to match.
Raleigh-Durham has been a prime example of a high in-migration market in recent years and has the new construction pipeline to match.
National net absorption in the first quarter marked an improvement from previous quarters, but not all was roses.
Tepid demand and an active construction pipeline have coincided and created downward pressure on both occupancy and rent.
It has been a fairly challenging winter for the multifamily industry, and it has been Gateway markets that have been slightly more resilient.
Multifamily performance in Dallas – Fort Worth has had a rougher go of it over the last year, and particularly in recent months.
With spring quickly approaching, the typically softer portion of the calendar is coming to an end for the multifamily industry.
Not just Sunbelt markets could be feeling pressure from new supply in 2023, and the challenge will also not be limited to primary markets.
The interplay between new supply and apartment demand will be an issue at the forefront of multifamily performance in 2023.
Like many high-growth markets, Charlotte suffered from lower apartment demand and an active construction pipeline in 2022.