Radix

Blogs

Stay ahead and informed in the multifamily industry with Radix’s blog. On a weekly basis, our expert team delivers in-depth analysis and insights on the latest multifamily trends inclusive of MSA, submarket, state, and national level data.
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Phoenix
Chris Nebenzahl

Phoenix Multifamily Market Report – October 2023

Phoenix has seen a rapid slowdown over the past year, as apartment performance declined amid high supply. However, as we near the end of 2023, leading indicators are beginning to show signs of strength for Phoenix multifamily.

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Graphical representation of key findings in the Rent and Operating Trends (RAOT) Report showcasing current multifamily industry metrics and market dynamics.
Research
Chris Nebenzahl

Rent and Operating Trends – Week of October 15th 2023

Inflation remained unchanged in September with prices rising 3.7% compared to the year before. Annual price increases were flat after increasing in both June and July, according to the Consumer Price Index. On a short-term basis, prices increased 0.4% from the prior month.

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Chart of the Week Blog Thumbnail ..
Research
Chris Nebenzahl

Chart of The Week – October 16th 2023

While most of the nation has seen a decline in rents and a contraction in occupancy leading to negative revenue per available unit (RevPAU), a few markets and submarkets have risen above the rest. Tucson and Chicago are among the best performing markets in the nation, so it is no surprise to see them well represented at the submarket level in terms of top performance.

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Graphical representation of key findings in the Rent and Operating Trends (RAOT) Report showcasing current multifamily industry metrics and market dynamics.
Research
Chris Nebenzahl

Rent and Operating Trends – Week of October 8th 2023

The economy and interest rate market are working in opposite directions at this point in the cycle. 336,000 new jobs were added in September, nearly doubling analyst expectations. While this is good news for the overall economy, it raises additional questions about the Fed’s course of action with monetary policy going forward.

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Chart of the Week Blog Thumbnail ..
Research
Chris Nebenzahl

Chart of The Week – October 8th 2023

Concessions are on the rise in most markets across the country. As the fourth quarter begins and traffic and leasing slow significantly, concessions will likely rise even further. Some markets have already seen huge concession increases.

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Graphical representation of key findings in the Rent and Operating Trends (RAOT) Report showcasing current multifamily industry metrics and market dynamics.
Research
Chris Nebenzahl

Rent and Operating Trends – Week of October 1st 2023

We are excited to announce some new changes to the Rent and Operating Trends Report beginning this week. Revenue per Available Unit (RevPAU) is a comprehensive apartment performance metric that combines net effective rent with occupancy to identify the total potential revenue given the number of operational units in a property, submarket or MSA.

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Chart of the Week Blog Thumbnail ..
Research
Chris Nebenzahl

Chart of The Week – October 1st 2023

While declines in net effective rent and occupancy have garnered most headlines in multifamily, demand is quietly holding its own at the national level. Year-to-date, traffic nationwide is up roughly 19%. Some markets have seen even stronger growth thus far in 2023.

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Atlanta
Chris Nebenzahl

Atlanta Multifamily Market Report – September 2023

Atlanta’s apartment market is struggling as new supply weighs heavily on performance from the property level all the way to the market level. The local economy continues to flourish as job growth and population growth remain among the best in the country, however the onslaught of new apartment construction has outpaced demand.

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Graphical representation of key findings in the Rent and Operating Trends (RAOT) Report showcasing current multifamily industry metrics and market dynamics.
Research
Chris Nebenzahl

Rent and Operating Trends – Week of September 24th 2023

An inverted yield curve, where long term interest rates are higher than short term interest rates, is often a leading indicator for a recession. In late 2022, during the Fed’s aggressive monetary tightening, the yield curve inverted and remains inverted nearly a year later.

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