Multifamily occupancy dropped, especially in the luxury product segment, with a wave of new supply coming online during the colder months, when leasing activity is seasonally slow.
A 1st quarter 2017 report draws on data from RealPage’s Axiometrics and MPF Research to evaluate those supply-demand fundamentals.
The new findings also reveal the top 12 metros for pricing power. Sacramento and Seattle lead the regionally diverse rankings, registering respective annual rent growth of 9.8% and 7.9% for the period.
Read more...New from MPF Research: Apartment Occupancy, Employment Growth
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