New from MPF Research: Bay Area Construction, Rent Growth in Secondary Markets, Top Metros for Planned Units
MPF Research provides actionable apartment market research to apartment investors and operators. Here’s the latest from RealPage’s multifamily intelligence division.
Bay Area construction increases in East Bay, recedes in San Francisco, San Jose
Massive apartment delivery volumes have long been a staple of San Francisco and San Jose. As activity in those metros finally cools, neighboring Oakland is seeing an increase in development.
In a new report, MPF Research analyzes supply trends in the Bay Area.
Top secondary markets for rent growth in 3Q 2017
The nation’s top three markets for annual rent growth in 3rd quarter 2017 were smaller metros in the West and South regions. While performances across secondary markets vary, many have not experienced the moderating pricing power felt within several major metros.
In the year-ending 3rd quarter 2017, Reno led the top 10 secondary markets for rent growth. The market increased rents an impressive 11.6% during the 12-month period.
Which apartment markets have the most planned units?
The volume of planned units in some markets – including Cleveland, Fort Lauderdale and San Francisco – exceeds the number of units currently under construction. Further, the planned-unit counts in those markets surpass those of many metros with the largest pipelines.
An interactive report from MPF Research details metro-level volumes of in-progress units, analyzes planned development activity and discusses construction duration by asset type.
New supply hammers apartment fundamentals in Nashville
Nashville is struggling to digest new supply that has mounted over the past three years. In that time, that market has expanded inventory more than 16%.
How are Nashville’s fundamentals faring? New findings look to the market’s rent trends, occupancy levels and scheduled multifamily completions.
For the latest apartment market research and multifamily market insights, visit MPF Research.