Jay Board
Analyst, MPF Research
Jay Board is an analyst for MPF Research. Prior to joining MPF in July 2011, Mr. Board was a reporter for the Fort Worth Star-Telegram. He is a graduate of Texas A&M University.

Analyst, MPF Research
Jay Board is an analyst for MPF Research. Prior to joining MPF in July 2011, Mr. Board was a reporter for the Fort Worth Star-Telegram. He is a graduate of Texas A&M University.
The Louisville and Lexington apartment markets are posting surprisingly strong performance results due to solid local economies and some demographic tailwinds.
Nashville has recently found itself as a national leader in terms of apartment construction activity as developers are drawn to the metro by a strong economy, favorable demographics, and a healthy apartment market.
Apartment demand has been better than expected in recent years, which can be explained by the impact Generation Y is having by delaying marriage and living with Mom & Dad.
What does Generation Y want in an apartment? Multifamily industry professionals ask this question a lot as they seek to better understand this fast-growing segment of the market. At its recent Southeast Apartment Markets Conference, MPF Research assembled a panel of Gen Y’ers working in the apartment industry and asked them that very question.
Metros with the highest percentages of college-educated young adults tend to be the metros where apartment fundamentals are strongest.
Multifamily transaction volumes are on the rise but remain below peak levels of the last cycle.
Apartment building activity in the Southeast is expected to pick up in the next year, with the number of new construction starts in 2012 likely to top this year’s total by 50 percent.
Many apartment leasing agents, wary of losing established customers, are reluctant to position rents notably higher when negotiating lease renewals right now. But they shouldn’t be.