Radix

Public Web Scraping Data Will be Available for Free Starting July 1 to Radix Clients Only.
Read more in our Press Release
We just launched the 2024 Midyear Review & Second Half Outlook.
Download today
Previous slide
Next slide
Radix Logo

Chart Of The Week – January 22nd 2024

Share this post :

Chart Of The Week – January 22nd 2024

Picture of Chris Nebenzahl

Chris Nebenzahl

Chart of the Week – January 22nd 2024

A lot has been discussed about the supply wave currently hitting the multifamily sector. It is true that we are at a four-decade high in terms of new multifamily deliveries, however demand remains strong in several markets, especially in the sunbelt.

When looking at the markets where traffic has increased the most over the past year, smaller markets in the southwest and southeast dominate. Albuquerque, Salt Lake City and Colorado Springs are the top three markets for annual traffic growth. Wilimington, NC and Columbia, SC are not far behind.

As traffic grows other key fundamentals including rent and occupancy will also benefit. The supply wave is temporary, albeit severe, but the trend of elevated demand in the southeast and southwest appears to be deeply rooted and perpetual.

Insights from Radix: 2023 Multifamily Industry Review & 2024 Outlook

Radix’s “2023 Year in Review and 2024 Outlook” report provides a crucial analysis of last year’s multifamily industry trends, including the housing supply surge and its market impacts, as well as significant migration trends. Anticipating 2024’s market dynamics, this essential resource, available in an interactive format, is key for strategic planning in the multifamily sector.

Read the full report here for comprehensive insights and forecasts for the upcoming year.

Radix Research

Research is a powerful solution for benchmarking and evaluating the performance of live properties and portfolios at submarket, market, and national levels. With access to a wide range of data analytics, Radix Research offers the most comprehensive, timely, and leading data, streamlining the research process for all stakeholders.

To find out more check our Radix Research page.

More Posts

Picture of Chris Nebenzahl
Chris Nebenzahl
Chris Nebenzahl is the Director of Economic Research at Radix, where he oversees all macroeconomic and multifamily market analysis. Chris has 15 years of multifamily experience in data analytics, research, asset management and acquisitions. Prior to his time in the multifamily industry Chris was a portfolio manager at Bank of New York, focusing in the government and commercial fixed income sectors.
Scroll to Top
Get Your Midyear Multifamily Industry Review  

Stay ahead in the multifamily market with our latest insights and forecasts. Fill out the form to download your free report now.