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Chart Of The Week – May 22nd 2023

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Chart Of The Week – May 22nd 2023

Picture of Chris Nebenzahl

Chris Nebenzahl

We are excited to share with you the Chart of the Week!

Two weeks ago, our chart of the week focused on domestic migration, and some of the strongest counties for in-migration were located in Texas, Florida and the Carolinas. This week, we highlight the top 5 markets for new leases signed during the week of May 14th. The top 5, in rank order, are Dallas, Tampa, Houston, Charlotte and Nashville. All five markets are outpacing the national average by at least a half tour per property per week. We can see a direct relationship between migration and leasing, as Collin County, TX, Denton County, TX, Harris County, TX and Polk County, FL, all rank in the top 5 for inbound migration. These counties fall within the Dallas, Houston and Tampa MSAs. As migration patterns continue to flow toward the southeast and southwest, I expect many of the same markets to lead the nation in new leases signed.

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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.
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