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The Nation’s Top 10 Submarkets for New Apartment Development

What submarkets are seeing the most apartment development in this cycle, and what’s driving the boom? MPF Research counts down the top 10.

Hartford_Connecticut_Skyline
 

Apartment Vacancies Decline in Connecticut, But Rent Growth Remains Limited

The Connecticut apartment market continues to see vacancy levels dwindle, but that hasn’t provided any boost to rent growth levels – following a pattern seen throughout the Northeast region of the country.

Columbia
 

Columbia Apartments Enjoy Back-to-Back Strong Quarters

Columbia’s apartment sector posted strong revenue gains over the last two quarters. But in the bigger picture, Columbia remains a laggard in the otherwise-hot Carolinas region.

Ventura_2
 

Apartment Rent Growth Has Picked up in Ventura County, But is it Sustainable?

Apartment occupancy rates have been strong for more than three straight years in the Ventura/Oxnard area. But rent growth had been more spotty – until recently. Is the pickup sustainable?

MSP1
 

Even as Supply Mounts, It’s Business as Usual for Apartments in the Twin Cities

New apartment supply is back up to recent highs in Minneapolis/St. Paul, but that hasn’t changed the story of the local apartment market in the Twin Cities. As usual, vacancies are few. And as usual, rent growth is limited.

Vegas
 

Is a Comeback Story Brewing in Las Vegas?

As most of the country’s apartment market has enjoyed boom times in recent years, Las Vegas has been left behind … until recently. In 3rd quarter, Las Vegas posted some impressive numbers – particularly in rents. Does this suggest renewed optimism moving ahead?

Tampa
 

Apartment Fundamentals Continue to Lag National Norms in Tampa Bay

Apartment fundamentals are improving in Tampa Bay, but they remain sub-par relative to the U.S. norms. And yet, Tampa Bay is now outpacing the national averages in one important category – apartment construction. What’s in store for the Tampa Bay apartment sector?

MiamiMPF
 

Miami’s Apartment Sector Holding Up as Big Supply Wave Looms

Construction for both condos and apartments has surged to big levels in Miami. At this point in the cycle, little has actually completed – so fundamentals remain strong. But what will happen when all of this for-sale and rental supply hits the market?

Charlotte
 

Apartment Demand Surges with Record Supply Wave in Charlotte

Apartment Demand Soars in Tandem With Supply Wave With new apartment supply levels surging toward two-decade highs, occupancy rates had been expected to cool somewhat. But Charlotte’s demand drivers proved even more robust than expected, keeping vacancies low and rent growth solid.

Late-Recovery Apartment Markets
 

What’s in Store for the Nation’s Late-Recovery Apartment Markets?

The nation’s apartment rent growth leaderboard now includes some prominent late-recovery markets: Los Angeles, Atlanta, Riverside/San Bernardino, Las Vegas, Phoenix and Sacramento. What lies ahead for this group? How do rent growth levels project long term in comparison to the national norms?

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