Radix Insights

What multifamily construction markets are experiencing a true housing boom? Multifamily developers, investors, and managers want to know. The answer lies in the key indicators like net effective rents, occupancy rates, leased percentage, and concessions. In this blog post we explore why these markets are booming from the perspective of key progress indicators… ​

Multifamily markets have seen a series of tectonic shifts over the past two years, but growth nationally remains strong as new leaders emerge in key progress indicators.  Our VP of Client Success shared the latest data from two of the Southeast’s fastest growing housing markets: Phoenix and Las Vegas. As demand shifts, these markets have… Continue reading Radix Joins Greystar for the Desert Region’s “High-Rise” Podcast ​

During this reporting period, there has been very minimal movement recorded in the leading metrics, although national NER did post another sizeable gain. National rental markets seem to be holding even as Delta strain increases around the nation. These factors present the biggest threat to national rental rates since the start of the surge late… Continue reading Rent and Operating Trends Data – August 15th ​

This week’s rent and operating trend data indicate positive growth, as all our key metrics are up week-over-week. Occupancy and leased rates both bounced back 10 basis points after last week’s dip. National average NER jumped up 0.6% WoW, continuing the streak of uninterrupted weekly NER gains since mid-December. With this streak now seven months… Continue reading Rent and Operating Trends Data – July 18th ​

This week, national metrics remained strong during the week after the Memorial Day holiday. Leading indicators continue to predict strong growth nationwide as we head into the summer months. NER notched another week of 80 basis point gains, rising to $1,737. National NER is currently only 2.4% below the pre-pandemic high and will close that gap… ​

There is great news to report this week, as National NER for 2 and 3 bedrooms have officially moved positive YoY. Rising this week to $1,882 and $2,181 respectively, both are now within striking distance of their pre-pandemic highs. The 2-bedrooms need to recover to a pre-pandemic high of… ​

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As we continue to report Rent & Operating Trends Data and leading indicators traffic, occupancy, leasing, and net effective rent (NER), we are happy to share that we’ve expanded our sampling and added Jacksonville, Raleigh, and Salt Lake City into the regular rotation of markets.   After last week’s surge in leading indicators, weekly leases… Continue reading Rent & Operating Trends Data Report: Week Ending 3/14/2021 ​

By Brad Cribbins There is no shortage of market data in multifamily. What’s lacking are effective platforms allowing real-time reporting and visibility into a market’s leading indicators – the stats like traffic, occupancy, leasing and net effective rents are business insights with the power to drive proactive and efficient business decisions.  This data is being… Continue reading It’s Time to Move on From the Anachronistic Days of Data Gathering ​

The apartment data analytics firm also unveils study showing its client communities consistently outperform comps and experience higher rents.   As the provider of a cutting-edge, cloud-based market survey and data analytics platform, today we are proud to announce Radix is serving more than 5 million apartment homes.   Radix experienced extensive customer growth in… Continue reading Radix Eclipses the 5-Million-Unit Mark ​

The national occupancy rate was down 0.1% YoY, but the leased percentage rate had risen by 0.2%. So, frankly, most of the national operating metrics are not down a whole lot from their pre-pandemic highs. This doesn’t mean that certain metros haven’t experienced major turbulence. ​

Doing manual market surveys is very time consuming, and associates are prone to making errors when doing them. Automating your market surveys ensures you’re getting true apples-to-apples comparison data, and it frees up your associates to spend more time taking care of prospects and residents. ​

During this reporting period, there has been very minimal movement recorded in the leading metrics, although national NER did post another sizeable gain. National rental markets seem to be holding even as Delta strain increases around the nation. These factors present the biggest threat to national rental rates since the start of the surge late… Continue reading Rent and Operating Trends Data – August 15th ​

This week’s rent and operating trend data indicate positive growth, as all our key metrics are up week-over-week. Occupancy and leased rates both bounced back 10 basis points after last week’s dip. National average NER jumped up 0.6% WoW, continuing the streak of uninterrupted weekly NER gains since mid-December. With this streak now seven months… Continue reading Rent and Operating Trends Data – July 18th ​

This week, national metrics remained strong during the week after the Memorial Day holiday. Leading indicators continue to predict strong growth nationwide as we head into the summer months. NER notched another week of 80 basis point gains, rising to $1,737. National NER is currently only 2.4% below the pre-pandemic high and will close that gap… ​

There is great news to report this week, as National NER for 2 and 3 bedrooms have officially moved positive YoY. Rising this week to $1,882 and $2,181 respectively, both are now within striking distance of their pre-pandemic highs. The 2-bedrooms need to recover to a pre-pandemic high of… ​

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As we continue to report Rent & Operating Trends Data and leading indicators traffic, occupancy, leasing, and net effective rent (NER), we are happy to share that we’ve expanded our sampling and added Jacksonville, Raleigh, and Salt Lake City into the regular rotation of markets.   After last week’s surge in leading indicators, weekly leases… Continue reading Rent & Operating Trends Data Report: Week Ending 3/14/2021 ​

The national occupancy rate was down 0.1% YoY, but the leased percentage rate had risen by 0.2%. So, frankly, most of the national operating metrics are not down a whole lot from their pre-pandemic highs. This doesn’t mean that certain metros haven’t experienced major turbulence. ​

Doing manual market surveys is very time consuming, and associates are prone to making errors when doing them. Automating your market surveys ensures you’re getting true apples-to-apples comparison data, and it frees up your associates to spend more time taking care of prospects and residents. ​

Multifamily performance data continues to behave like it did during the mid-summer, when the pandemic induced a variety of ups and downs. Typically, seasonality means things slow down a bit in the fall, and we see very little difference in metrics week over week. ​

Labor Day marked the unofficial end of summer. On a national basis, multifamily data and metrics have been hovering around the same points since mid-summer. But in the week ending on Sept. 6, we saw the biggest closing of that YoY gap since March. ​

With the coronavirus pandemic continuing to rage in many parts of the country, the week ending on Aug. 9 showed most of the major apartment metrics experiencing slight declines, according to Radix data. National occupancy and leased percentage rates were flat. ​

In general, the apartment market has shown fairly steady improvement since its low points early on in the pandemic. Last week, I cautioned that one bad week can be just that: one bad week. During the week ending on July 19, we saw moderately positive uptick. ​

One of the highlights of 2020 for Radix has been the addition of Aaron Thatcher, a talented software engineer with a wide range of experience.   Aaron joined us in February as a technical lead. In this position, he is charged with designing and implementing ongoing improvements to the Radix platform and products. We could… Continue reading Q&A with Aaron Thatcher, Technical Lead at Radix ​

It would be hard to imagine someone better positioned to serve Radix clients than Lauren Kazimierek.   After all, before joining our company in early 2020 as a Client Manager, Lauren was a Radix client herself.   As the Assistant Property Director at Alta Drinkwater, a Wood Residential Services community, she used Radix to conduct… Continue reading Q&A with Lauren Kazimierek, Client Manager for Radix ​

2020 is bound to be an exciting year for Radix. We’re poised for significant growth as more apartment owners and operators realize the benefits of our cutting-edge market-survey platform.   Adam Harris, our new vice president of sales, will help us strategically manage and maximize that growth. A multifamily veteran with invaluable experience on both… Continue reading Q&A with Adam Harris, Radix’s New VP of Sales ​

Up from the Pandemic Low: Leading Indicators Show More WoW Improvement   While coronavirus lockdowns are not over yet, as of May 20, all 50 states were starting to re-open to some degree, according to The Wall Street Journal. The East and West Coasts are re-opening more gradually.   As I mentioned in my last… Continue reading Radix Weekly Data – May 20th ​

Dear Radix Friends,   I hope this week finds you healthy and you are still managing through working from home and the new “normal.”  We are almost a month since most states started lockdowns and we are seeing reverberations across all markets. Also, leading indicators such as traffic and leases that declined precipitously have started… Continue reading Radix Weekly Data Report – April 22nd ​

Recently I’ve heard many people talking about the wonders of scraping websites and how it will solve all of our data gathering problems. And unfortunately, I must disagree. But before delving into why I believe web scraping is a flawed practice, it is important to truly understand what it is.   While web scraping can… Continue reading Is Web Scraping the Answer? ​

Everyone knows how important it is to capture asking rents from competing apartment communities. And conducting weekly market surveys is the most common practice to secure this vital business intelligence. When done right, market surveys can provide invaluable insight into whether a community’s rental rates are too high, too low or competitive.   A key… Continue reading Why Now is the Time to Stop Using Excel ​