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Multifamily Market Research/Reports

  1. Washington

    1. Seattle Multifamily Market Report
      First Quarter 2017

      The regional apartment market vacancy rate is currently 3.4%, well below the 20-year average of 4.9%. Vacancy last peaked at a rate of 7.2% in Fall 2009 as the recession was fully felt. Occupancy increased ever since, with vacancy oscillating from 3.3% to 4.0% over the past three years as consistent demand has nearly matched the significant amounts of new inventory. Rental rates are at historic highs but only recently has the rate of increase moderated in the close-in markets. Some suburban markets are seeing increased rent growth as they started their recovery later.

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      First Quarter 2017 Seattle Multifamily Investments Market Report
      Third Quarter 2016 Seattle Multifamily Investments Market Report
      First Quarter 2016 Seattle Multifamily Investments Market Report
      Fourth Quarter 2015 Seattle Multifamily Investments Market Report
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  2. Oregon

    1. Portland Multifamily Market Report
      First Quarter 2017

      The Portland multifamily market softened slightly during the first quarter, but employment growth in the metro area continues to fuel strong demand, and rental rates continue to climb. Nearly 9,000 residential units were under construction in metro Portland at quarter's end, giving renters a wide menu of urban and suburban options. Conversely, buyers are finding significant upward demand pressure on prices, as the supply of units for sale remains low. Ongoing population and wage growth in Portland and the surrounding area portends higher rents and decreasing vacancies in the multifamily market in the coming quarters.

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      First Quarter 2017 Portland Multifamily Investments Market Report
      Third Quarter 2016 Portland Multifamily Investments Market Report
      Third Quarter 2015 Portland Multifamily Investments Market Report
      Second Quarter 2014 Portland Multifamily Investments Market Report
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  3. California

    1. San Diego Multifamily Market Report
      Second Quarter 2017

      The San Diego apartment market continues to thrive thanks to a strong economic base sustained by science and research and some of the most desirable weather in the U.S., as rents steadily increase and vacancy hits a record low, despite swelling construction. Low vacancies have led to impressive rent gains over the past few years, both of which have led to a sustained development wave that should last for a few more years. Projects continue to break ground in nearly every submarket across the metro, which has so far shown no signs of applying downward pressure on fundamentals and rents. Ultimately, the market's strong supply barriers should keep vacancies and rent growth stable.

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      Second Quarter 2017 San Diego Multifamily Investments Market Report
      First Quarter 2017 San Diego Multifamily Investments Market Report
      Fourth Quarter 2016 San Diego Multifamily Investments Market Report
      Third Quarter 2016 San Diego Multifamily Investments Market Report
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  4. Arizona

    1. Phoenix Multifamily Market Report
      Second Quarter 2017

      The Phoenix apartment market remains lucrative as vacancy continues to decrease in spite of new construction driving rents to record highs. Phoenix is a top destination for expanding companies who are attracted to the low-cost operating environment, vast pool of talent, and available tax credits in addition to more than 300 days of sunshine a year. The city's diverse industries include healthcare, manufacturing & logistics, and emerging technologies. The growing population, over 1,400 new residents relocate to Phoenix per week, ensures a strong multifamily market for years to come.

      Downloads
      Second Quarter 2017 Phoenix Multifamily Investments Market Report
      First Quarter 2017 Phoenix Multifamily Investments Market Report
      Fourth Quarter 2016 Phoenix Multifamily Investments Market Report
      Third Quarter 2016 Phoenix Multifamily Investments Market Report
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