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.
The San Francisco – Oakland market has been a top-performer this year among multifamily markets thanks in part to a slowdown in deliveries.
After trending downward since early summer, monthly national average effective rent growth turned negative in September.
As with other markets in the region, Minneapolis – St. Paul has enjoyed relatively solid demand and less new supply pressure so far this year.
Raleigh-Durham has been a prime example of a high in-migration market in recent years and has the new construction pipeline to match.
Tepid demand and an active construction pipeline have coincided and created downward pressure on both occupancy and rent.
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.
Like many high-growth markets, Charlotte suffered from lower apartment demand and an active construction pipeline in 2022.
Rent growth finally succumbed to the gravity of negative net absorption in November after months of steady declines.