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Chart Of The Week – Change in NER by MSA

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Chart Of The Week – Change in NER by MSA

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Radix

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 the change in NER by MSA.

Change in NER by MSA

Rents have slowed down significantly in most markets throughout 2022, and while we won’t see rent growth as we did in 2021 any time soon, the year-over-year growth remains historically strong in many markets. On a same-store basis, Charleston rents grew the fastest over the past year, followed by some large coastal markets in the Bay Area and New York. Las Vegas, Phoenix, and Jacksonville, some of the fastest-growing markets following the COVID-19 pandemic, saw rents fall in the last twelve months as the rapid rent growth finally caught up with these markets.

Follow the series on LinkedIn and radix.com/research and share your feedback! We would love to hear from you with suggestions for future trends to cover!

Radix Research

Radix Research provides a comprehensive and powerful solution for evaluating the performance of live properties and portfolios at submarket, market, and national levels through research. With vast data analytics available, Radix Research offers the most timely and leading data, streamlining the research process for all stakeholders. Data is presented in visual, graphical, and tabular formats for easy analysis and understanding, including interactive maps, customizable charts, and exportable tables, providing users access to various benchmarking tools and data analytics.

To retrieve this data, request a demo today.

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Radix
Radix is a data and advanced analytics provider for the Multifamily industry. Radix's data ecosystem is continuously building upon itself so that users from all levels of the industry can make smarter business decisions for their assets and investments using data from a transparent source, the property itself.
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