New from MPF Research: Metro-Level Development Trends

New from MPF Research: Metro-Level Development Trends

MPF Research provides actionable market research to apartment investors and operators. Here’s the latest metro-level development trends from RealPage’s multifamily intelligence division.

DC’s apartment construction boom continues 

Apartment completions in Washington, D.C. recently hit a two-decade high. How is the surge in new supply affecting market fundamentals and operator pricing power?

In a new report, RealPage analyzes apartment demand, occupancy and rent growth in the D.C. metro.

Apartment supply volumes spike in Chicago

Chicago apartment deliveries spiked in 2017, propelling already elevated supply volumes to new highs. The market is struggling to absorb the large volume of new product, the bulk of which is luxury.

Driving much of the development are two Chicago submarkets. They collectively account for roughly half of all completions in the current cycle.

Completions are elevated, spread out in Boston

Boston recently ramped up apartment completions to a multi-decade high. At the same time, supply patterns are changing from earlier in the cycle (when deliveries were concentrated in the urban core).

In a new report, RealPage analyzes Boston’s fundamentals, identifies development trends and forecasts future performance.

For the latest multifamily market insights, visit MPF Research.

Real Estate Writer, RealPage

Lindsey Allen is a Real Estate Writer for MPF Research, the market intelligence arm of RealPage, Inc. Prior to joining RealPage, Lindsey wrote for news publications as a journalist and for apartment properties as a marketing and leasing content creator. She holds a Bachelors degree in News and Information from Oklahoma Baptist University.

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