We are excited to share with you the Chart of the Week!
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. Chicago has been particularly impressive as 5 of the top 10 submarkets nationwide for annual RevPAU growth are in the Windy City. Also worth noting, suburban submarkets are far outpacing their urban counterparts in terms of RevPAU performance.
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 info check out our Radix Research page.
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