Weekly Roundup: February 23, 2018

We start off this week’s collection of multifamily news items with a look at a few top performing markets. MPF Research zooms in on Altanta – a strong performing in recent years — and finds that workforce housing neighborhoods dominate the list of top areas for rent growth in the city. Next, Urban Land sums up Marcus & Millichap’s 2018 Multifamily North American Forcast, which shows that Seattle-Tacoma has taken the top spot from Los Angeles. A Q4 update from Reis examines the ongoing relationship between supply and demand, and RCA provides a pricing update on the various commercial asset classes. We close things off with a research piece from Arbor Chatter that aims to answer the question: Are Baby Boomers the New Millennials in Multifamily?

Workforce Housing Neighborhoods Lead Rent Growth in Atlanta

MPF Research – Feb. 20

“Workforce housing neighborhoods, defined simply as areas where monthly rents meaningfully trail the metro average, dominate Atlanta’s list of rent growth leaders on the submarket level.”

Seattle, Los Angeles Are Top Multifamily Markets for 2018

Urban Land – Feb. 20

“The top two markets for the multifamily sector from last year trade places for 2018, according to Marcus & Millichap’s 2018 Multifamily North American Investment Forecast.”

Apartment Trends – Q4 2017

Reis – Feb. 16

“Supply growth in our top 50 markets have essentially matched what we recorded in 2016, although a large part of that involves push-outs from delayed projects which are now slated to come online this year.”

US Prices Increase 0.6% in January, RCA CPPI Report Shows

Real Capital Analytics – Feb. 22

“Apartment and industrial growth led the other major property types in January, continuing the trend from 2017. Apartment prices rose 0.9% from a month earlier, while industrial prices climbed 0.7% on the month.”

Are Baby Boomers the New Millennials in Multifamily?

Arbor Chatter – Feb. 23

“When comparing rental demand by age segments, Baby Boomers stand out as the fastest growing group across the entire rental market spectrum. Millennials, on the other hand, continue to flock to large apartment buildings.”


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