Multifamily starts and vacancy rates indicate strong market

Multifamily starts and vacancy rates indicate strong market

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Memphis’ office and apartment markets are both coming off of strong. vacancy of any metro area with at least 50,000 apartments, CoStar market analyst Alexander Tkac said. Office rates increased but.

MBA 4Q Commercial/Multifamily DataBook Reports Vacancy Rates, Asking Rents Up Slightly.. Woodwell said multifamily permits and starts remained especially strong, with the number of multifamily units under construction finishing the year at 601,000, "a level that has been relatively stable since mid-2016 and remains higher than other periods.

“With apartment vacancy rates. relative to a strong first half of 2017, which included the $575 million hotel portion of the $900 million Seminole Hard Rock Hotel and Casino in Hollywood FL..

. to monitor conditions for multifamily production (starts) and multifamily rental occupancy in. Meanwhile, the Multifamily Vacancy Index (MVI) rose three points to 48, with. for rent-both low-rent and market-rate-as “stronger,” “same” or ” weaker.. 50 indicates more builders report stronger rather than weaker conditions.

According to the National Association of Home Builders, demand for multifamily product remains strong and builders/developers feel positive about the production conditions. Today, NAHB released its.

The U.S. multifamily market remains healthy even 10 years into the recovery/expansion period. The key driver is demand. Multifamily demand is very strong and, even in a climate of elevated construction activity, net absorption continues to outpace new supply leading to favorable vacancy and rent growth performance.

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FOR SURE, THE MULTIFAMILY market has seen better days. With the exception of a few surprisingly strong markets such as Los Angeles, Manhattan, and Philadelphia, national vacancy rates were.

driving growth in the multifamily market, analyze the. in the past few years; multifamily starts are currently. Similarly, vacancy rates have declined consistently.

 · Sunrise Management & consulting today announced the release of its Spring 2017 multifamily rental market report. Data culled from over 1,900 apartment communities representing over 300,000 units shows rents are starting to normalize across most of the Northeast.

MULTIFAMILY MARKET ANALYSIS STRABIC 60 Multifamily NW is reporting a MSA vacancy rate of 3.71%. Of the twenty submarkets they track, only five recorded vacancy that decreased from the previous spring report; fifteen recorded increased vacancy. The submarkets that experienced

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