Almost unbelievably, 2019 is gone and it’s time for a year in review. Read how multifamily performed for the last 12 months. Unless stated otherwise, all numbers will refer to conventional units. Click the Read More button to continue reading.
This month we check-in on a market with some interesting recent activity as of December 2019 – the Greater Phoenix area.
Summer is in the rearview mirror; the holiday season is approaching, and another quarter is in the books. Nationally, the new construction pipeline delivered more units in the third quarter of this year than the same period in 2018 or in 2017. Demand in the quarter was strong, and the result was essentially no movement in average occupancy, while average effective rent rose 1%.
It’s hard to believe that the 2019 NAA Apartmentalize is already behind us! Click on through to read about our experience in Denver for the week.
It’s June, and that means that once again, the NAA Apartmentalize Conference is mere days away. With the host city being Denver this year, we’re taking the opportunity to check-in on multifamily performance of the Greater Denver area.
One way to evaluate multifamily performance is to look at the usual metrics through the lens of price class rather than just by geography. This month let’s consider the year-over-year nationwide performance of the ALN price classes—a period from April 2018 through April 2019.
So far this year we’ve seen that some areas continue to perform well, but the strong results are beginning to be concentrated in fewer markets. Many areas mostly held their ground but didn’t make much progress in the quarter. Read on for more on Q1 of 2019.
