The apartment data we published today features revised historical time series, prompted by growth in the dataset. As our providers continue to expand their metro sample sizes and their overall geographic coverage, we have enhanced our aggregation methodology to give us greater flexibility in incorporating the new data.
Although many U.S. apartment markets and submarkets are seeing elevated supply trends soften their fundamentals, in some cases this is needed supply and these are the natural “growing pains” of densifying, maturing cities.
I recently moved from Boston to Denver and the difference in cost of living served as a welcome income multiplier. I'm not alone in that experience: strong push and pull factors are underpinning U.S. demographic and migration trends (and the local economic strength of markets like Denver, Austin, Nashville, Phoenix and more).
It’s no surprise that concessions are on the rise in many multifamily markets, and operators and developers are increasingly turning to non-traditional concessions. Here we show how such concessions can have a material impact on returns.
Observing that apartment assets near light rail stations achieve higher rents and revenue than others, we looked into whether that proximity confers the advantage, and whether other factors play a part.
With a number of states and localities having legalized (or taken steps toward legalizing) recreational marijuana in the past few years, some are looking to Denver to gauge how the industry might affect their local industrial fundamentals. In a new report, we offer a roadmap to identifying opportunity in the market, based on observations of industry dynamics in Denver.
New York City drives a lot of trends, including our calculation of rent growth for the Sum of Markets. Year-over-year effective rent growth was 0.2% in Q4; though it's meant to represent the national trend, for most of us, that figure doesn’t exactly fit our experience. So, how did we arrive at 0.2%?