New From RealPage Analytics: Top Rent Growth Markets, Slowing Supply and Student Housing Construction Leaders
Amazon’s HQ2 finalists raise apartment investment interest
The apartment markets that include the 20 cities that made the short list for Amazon HQ2 will undoubtedly raise investor interest. In the most recent apartment market update webcast, RealPage experts Greg Willett and Jay Parsons reviewed the markets under consideration for Amazon’s second headquarters, pointing out positives and negatives to prospective investors.
Top markets for allowing apartment deliveries in 2018
U.S. completions reached an apparent cycle peak in 2017, but developers are pulling back on activity in 2018.
RealPage analyzed the nation’s 50 largest metros to identify which areas of the country are likely to see the greatest inventory declines from 2017 levels. The results show three metros where inventory is expected to decline by 47% or more from the prior year and at least eight other metros where declines of 20% or greater are expected.
Seattle rent growth hits a low point
Seattle has averaged annual rent growth around 5% over the last eight years, making it one of the nation’s top metros for rent performance over that time. However, over the last two quarters, rent growth has dropped significantly.
What’s causing the downturn? In a new report, RealPage analyzes Seattle’s rent growth, occupancy, supply and demand.
Long-time leader Sacramento slips in latest rent growth rankings
In 1st quarter 2018, Sacramento’s slipped from the #1 spot in the national rent growth leaderboard, where it remained since mid-2016. It landed at #3 with rent growth of 5.8%.
Which markets are the new leaders? In a new report, RealPage examines metros at the top of the rent growth leaderboard and highlights current outperformers.
Texas A&M, Florida State lead top universities for supply
Florida State and Texas A&M will account for 11% of the total U.S. student housing supply scheduled to deliver this fall, according to a recent analysis by RealPage. While A&M and FSU have both been development leaders during the current development cycle, each school has processed the number of new beds differently and experienced varying levels of performance.