Radix Logo

Chart of The Week – September 24th 2023

Share this post :

Chart of The Week – September 24th 2023

Chris Nebenzahl

Chris Nebenzahl

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

Revenue per available unit (RevPAU) combines net effective rent with occupancy for a single metric to analyze the strength of performance at the property, submarket and MSA level. Over the past 12 months, the leading markets for RevPAU performance are tertiary sunbelt markets and northern Gateway markets. Tucson leads all markets with year-over-year RevPAU growth of 4.7%, while Austin trails all markets with RevPAU falling 7.6%. Interestingly, the top two markets for RevPAU performance, Tucson and Charleston are in close proximity to some of the weakest performing markets including Atlanta, Orlando, Nashville and Phoenix. As populations have grown in major sunbelt markets, so too have rents and new supply. Outmigration to smaller but close tertiary markets is common when a major runup in rents takes place.

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.

More Posts

Scroll to Top