Markets struggling with new supply issues are facing dual pressures from occupancy and net effective rent declines, resulting in significant performance issues. Many sunbelt markets in the southeast and southwest are grappling with rapidly declining revenue per available unit.
The apartment industry in our nation’s capital continues to grow and outperform many of its peer markets. According to Radix data, as of May 2023, all major operating fundamentals are outperforming the national average on an absolute basis as well as key week-over-week and year-over-year comparisons. While some Gateway markets, especially on the west coast, continue to struggle to regain
Denver, Colorado has been a consistent beneficiary of job growth and migration for more than a decade. New tech companies, a rapidly expanding aerospace industry, and coastal relocation have driven growth in the Mile High City. Yet over the past 5 years this growth has been overshadowed by faster growing