Another Look at the New Construction Pipeline
The construction pipeline has remained active this year. As 2020 draws to a close, it’s time once again to check in on deliveries and new units on the way.
Market Spotlight: Nashville
Nashville has been a popular market of interest for industry participants for some time. Let’s see how the area has looked in recent months.
Takeaways Episode 1 “Checking in on the New Construction Pipeline”
In a new series called Takeaways, ALN Apartment Data Market Analyst, Jordan Brooks, shares more insight into the final thoughts on this month’s newsletter article, Checking in on the New Construction Pipeline.
Checking in on the New Construction Pipeline
August 2020: Demand through July 2020 was half that of the same period last year, and 50k less units were absorbed than added in the first 7 months.
Changes in Lease-up Velocity
A closer look at lease-up time for properties that have stabilized so far in 2020 compared to properties that stabilized in recent years.
Decrease in New Supply Not Enough to Outweigh Demand Slide
The biggest impact of uncertainty and upheaval of the last few months has been the drastic reduction in multifamily demand. Depending on the area or the product type, either average occupancy or average effective rent may have been adversely affected more than the other – but net absorption decline has been the rule everywhere.
Top Five Markets: Units in Lease-up
Taking a closer look at markets with high levels of lease-up units and recent Class A performance in those areas.
A Closer Look at Lease-up Vacancies
It is no secret that new construction has been the major story in multifamily for the last handful of years. In terms of raw units, the volume has been nearly unprecedented. However, when evaluating new supply as a percent of existing capacity volume has been comfortably within the range established since the turn of the…
Top 5: Submarket New Construction
The multifamily industry continues to be in the midst of new construction boom not seen in decades. Though ample attention is rightly given to which markets may appear at the top of new supply lists for any given period, it’s also helpful to take a narrower look at where the activity is most concentrated within…