New from MPF Research: 3Q Market Update, Hurricane-Damaged Units, Steady Performing Markets
MPF Research provides actionable apartment market research to apartment investors and operators. Here’s the latest from RealPage’s multifamily intelligence division.
U.S. apartment market sees moderate rent growth, healthy occupancy in 3Q
Moderate growth in U.S. apartment rents registered again in 3rd quarter 2017, as the market remained essentially full. The complete U.S. findings on rent growth and occupancy, including metro-level leaders for each metric, are now available here.
As many as 43,000 apartments appear off line in Metro Houston
In metro Houston, up to 43,000 apartments – about 6% of the market’s total stock – were taken off line due to flooding from Hurricane Harvey.
In new findings, MPF Research details the number of units damaged across the market’s submarkets, while a map reveals Houston’s hardest-hit areas.
Steady performing markets offer limited risk, limited growth
There are a handful of metros where performances are fairly consistent over time. While they don’t receive the same amount of attention or offer the upside potential of a high-growth market, they can offer limited risk.
A report from MPF Research analyzes apartment fundamentals in five such markets – Baltimore, Minneapolis/St. Paul, Philadelphia, San Antonio and San Diego.
Des Moines maintains solid apartment fundamentals
Relative stability – stemming from strong underlying fundamentals – has helped Des Moines largely avoid performance inconsistencies experienced by many small markets. But will the recent influx of supply significantly influence future metro health?
A new report looks to completion volumes, occupancy levels, rent trends and demand drivers like employment change.
For the latest multifamily market insights, visit MPF Research.