Market Notes | Recap | Top 10
Top 10: Average Effective Rent
With full December data not quite available, here is a look at the most expensive markets and least expensive markets to end November.
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Market Spotlight: San Francisco – Oakland
The San Francisco – Oakland market has been a top-performer this year among multifamily markets thanks in part to a slowdown in deliveries.
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National Rent Growth Slightly Negative in September
After trending downward since early summer, monthly national average effective rent growth turned negative in September.
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Market Spotlight: Minneapolis – St. Paul
As with other markets in the region, Minneapolis – St. Paul has enjoyed relatively solid demand and less new supply pressure so far this year.
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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.
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Large Markets Lead the Recent Rent Declines
Tepid demand and an active construction pipeline have coincided and created downward pressure on both occupancy and rent.
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Market Spotlight: Dallas-Fort Worth
Multifamily performance in Dallas – Fort Worth has had a rougher go of it over the last year, and particularly in recent months.
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How Did Multifamily Fare This Winter?
With spring quickly approaching, the typically softer portion of the calendar is coming to an end for the multifamily industry.
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Market Spotlight: Charlotte
Like many high-growth markets, Charlotte suffered from lower apartment demand and an active construction pipeline in 2022.
