Both traffic and new leases signed have been steadily increasing, and after bottoming out in late January, the closing ratio has been growing quickly as well. While all three metrics remain slightly below their levels from this time last year, this year’s growth trajectory is stronger than it was a year ago.
During and immediately after the COVID-19 pandemic, the Phoenix apartment market was one of the best performing metro areas in the nation. However, as migration has slowed, relative prices have soared, and new development has boomed, the multifamily market in the desert has quickly soured.
The Fed will meet on Tuesday and Wednesday this week, and economists anticipate another interest rate hike of 25 basis
We are excited to share with you the Chart of the Week! Through our real-time data, we are building a series of visuals, charts, and graphs depicting the most important trends in the multifamily industry. This week we are analyzing who is leading the nation in traffic.
The NMHC’s annual ranking of the top 50 managers in the multifamily industry is a highly anticipated event, recognizing the most successful companies in the field for their exceptional performance. Radix has partnered with an impressive 21 of these top-performing companies.