Chart of The Week – October 8th 2023

Chris Nebenzahl

Chris Nebenzahl

Share This Post

Concessions are on the rise in most markets across the country. As the fourth quarter begins and traffic and leasing slow significantly, concessions will likely rise even further. Some markets have already seen huge concession increases.

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

Concessions are on the rise in most markets across the country. As the fourth quarter begins and traffic and leasing slow significantly, concessions will likely rise even further. Some markets have already seen huge concession increases. Miami, Austin and Las Vegas concessions have all more than doubled so far this year, led by Miami with a 239% year-to-date concession increase. Many of the markets leading the nation in rising concessions are those with major supply pressure, including Atlanta, Phoenix, Austin, Las Vegas, San Antonio and Salt Lake City.

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 info check out our Radix Research page.

About the author