New from MPF Research: Student Housing Demand, Square Footage Costs, and the Impact of Flooding
MPF Research provides actionable market research to apartment investors and operators. Here’s the latest from RealPage’s multifamily intelligence division.
Do student housing demand drivers make the sector recession-proof?
The Great Recession heightened the contrast between the student housing industry and the conventional multifamily market. In turn, student product came to be viewed by investors as a hedge during the economic downturn. Moving forward, how will sector performance weather similar situations?
Despite strong rent growth, square footage is less expensive in Texas
Texas has seen an influx of company headquarters and venture capital dollars over the last five years. That has translated to apartment demand and pricing power. Still, compared to the nation, Texas markets are offering more apartment space for the money.
MPF Research’s latest interactive report shows how much square footage a renter can get for $1,000 in each of the Lone Star State’s major metros.
Last year’s flooding brought change to Baton Rouge’s usually stable market
In Baton Rouge, the historic flood of August 2016 has shifted apartment performance in a metro known for stability.
The latest data confirms many of the thousands of displaced people turned to apartments. Following the flood, metro occupancy hit its highest level since MPF Research began tracking Baton Rouge performance. In 1st quarter 2017, those numbers remained slightly elevated.
Further, the flood is likely to have an extended impact on the multifamily sector. Many of Baton Rouge’s planned projects for 2016 and early 2017 have not completed, suggesting delayed product could come online later in the year.
For the latest multifamily market insights, visit MPF Research.