Like many of us at Radix I come from the multifamily apartment industry. Prior to starting in multifamily, I worked on the services side of the industry, offering personal training and group fitness classes to residents. After getting to know one…
What multifamily construction markets are experiencing a true housing boom? Multifamily developers, investors, and managers want to know. The answer lies in the key indicators like net effective rents, occupancy rates, leased percentage, and concessions. In this blog post we explore why these markets are booming from the perspective of key progress indicators…
Multifamily markets have seen a series of tectonic shifts over the past two years, but growth nationally remains strong as new leaders emerge in key
During this reporting period, there has been very minimal movement recorded in the leading metrics, although national NER did post another sizeable gain. National rental
This week’s rent and operating trend data indicate positive growth, as all our key metrics are up week-over-week. Occupancy and leased rates both bounced back
This week, national metrics remained strong during the week after the Memorial Day holiday. Leading indicators continue to predict strong growth nationwide as we head into the summer months. NER notched another week of 80 basis point gains, rising to $1,737. National NER is currently only 2.4% below the pre-pandemic high and will close that gap…
There is great news to report this week, as National NER for 2 and 3 bedrooms have officially moved positive YoY. Rising this week to $1,882 and $2,181 respectively, both are now within striking distance of their pre-pandemic highs. The 2-bedrooms need to recover to a pre-pandemic high of…
This week, there was a slight slowdown in the recent streak of strong week-over-week gains as some of the metrics, especially leading indicators such traffic and leases per week, are on pause from the increase from last week. Meanwhile, occupancy and lease rates are holding steady and NER is posting more modest…
As we continue to report Rent & Operating Trends Data and leading indicators traffic, occupancy, leasing, and net effective rent (NER), we are happy to
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