Market Reports

West Coast Summaries

West Coast Maps

Articles



Market Research

Multifamily Market Research/Reports

  1. Washington

    1. Seattle Multifamily Market Report
      Third Quarter 2017

      Regional apartment market vacancy rate is currently 3.9%, 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 four years as consistent demand has nearly matched the significant amounts of new inventory. Rental rates are at historic highs, but recently the rate of increase has moderated in the close-in markets. Some suburban markets are seeing increased rent growth as they started their recovery later.

      Downloads
      Third Quarter 2017 Seattle Multifamily Investments Market Report
      First Quarter 2017 Seattle Multifamily Investments Market Report
      Third Quarter 2016 Seattle Multifamily Investments Market Report
      First Quarter 2016 Seattle Multifamily Investments Market Report
    Back to top
  2. Oregon

    1. Portland Multifamily Market Report
      Third Quarter 2017

      The Portland multifamily market kept on rolling during the third quarter, as strong demand for housing in the metro area kept rental rates and sale prices trending upward. Overall vacancies increased 36 basis points over the past six months, to 4.37%, but rental rates rose to a market-wide average of $1.57 per square foot. The market's development pipeline reached 30,000 units during the third quarter, and 2017 is on pace to be a record-setting year in permits issued for apartment construction.

      Downloads
      Third Quarter 2017 Portland Multifamily Investments Market Report
      First Quarter 2017 Portland Multifamily Investments Market Report
      Third Quarter 2016 Portland Multifamily Investments Market Report
      Third Quarter 2015 Portland Multifamily Investments Market Report
    Back to top
  3. California

    1. San Diego Multifamily Market Report
      Third Quarter 2017

      The San Diego apartment market continues to flourish thanks to a strong economic base buoyed by innovation, tourism, the military and some of the most desirable weather in the U.S. The average rent per unit in San Diego County reached a record high as vacancy hit 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 have so far shown no signs of applying downward pressure on fundamentals and rents. Investors remain active in San Diego, although activity has slowed in 2017 compared to last year, a similar trend across the nation.

      Downloads
      Third Quarter 2017 San Diego Multifamily Investments Market Report
      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
    Back to top
  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
    Back to top
Subscribe to our Market Research