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Chart of The Week – October 16th 2023

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Chart of The Week – October 16th 2023

Picture of Chris Nebenzahl

Chris Nebenzahl

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.

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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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