L5 Real Estate Investments
  • Home
  • About
  • Team
  • Acquisition Criteria
  • Portfolio
  • Investor Testimonials
  • News
    • Research and Stats
  • Contact
Picture

The Top Rent Growth Markets of the First Quarter

3/31/2015

0 Comments

 
MPF Research reports indicate demand is driving rent growth and occupancy nationally.By Lindsay Machak
Denver, By Flickr user: Larry Johnsonhttp://www.flickr.com/people/drljohnson/[CC BY 2.0 (http://creativecommons.org/licenses/by/2.0)], via Wikimedia Commons
As the economy recovers, more renters are entering the market, accelerating occupancy and rent growth, according to data released by MPF Research at RealPage.

And while some renters are leaving the market to make home purchases, there is still a surge of demand for apartments. In fact, first quarter demand was reported to be up 44% compared to early 2014, according to MPF. The annual apartment demand count hit 276,513 units.

As developers scramble to keep up with demand, occupancies continue to climb with the rate reaching 95.4% in the first quarter, about 10 basis points (bps) above the preceding quarter and 40 bps year over year. Availability is particularly limited in the mid-prices and affordable properties, the report notes, since the bulk of new deliveries are at the upper end of the price spectrum.

Meanwhile, rent growth continues to soar with a 4.6% increase nationally in the first quarter. However, the research firm predicts growth will begin to slow down over the next year to the 3.6% to 3.9% range, which is still quite healthy by historical norms. 

Top 10 Rent Growth Markets of the First Quarter

1. Denver-Boulder, 10.5%
2. (tie) Oakland, 10.2%    
2. (tie)San Francisco, 10.2%    
4. San Jose, 9.3%      
5. Portland, 7.9%      
6. Atlanta, 7.5%      
7. West Palm Beach, 7.2%      
8. Sacramento, 6.7%      
9. Fort Worth, 6.6%      
10. Los Angeles, 6.4%

Source: MPF 


0 Comments



Leave a Reply.

    Author

    L5 Real Estate Investments, LLC is a privately held investment firm focused on stable, income producing multi-family opportunities in emerging U.S. markets.

    Archives

    January 2019
    December 2018
    September 2018
    August 2018
    November 2017
    September 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    August 2015
    June 2015
    May 2015
    March 2015
    December 2014
    November 2014
    October 2014
    March 2014
    October 2013
    July 2013
    June 2013
    April 2013
    October 2012
    June 2012
    January 2012
    December 2011
    October 2011
    September 2011
    June 2011
    May 2011

    Categories

    All

    RSS Feed

©2018 L5 Real Estate Investments, LLC. All rights reserved.
  • Home
  • About
  • Team
  • Acquisition Criteria
  • Portfolio
  • Investor Testimonials
  • News
    • Research and Stats
  • Contact