Radix, the provider of a cutting-edge market research, performance and data analytics platform, today announced the hiring of Jay Denton as Chief Economist.
As experts in the multifamily industry, we at Radix understand the importance of reflecting on the past to strategically navigate the future. Our “2023 Year in Review and 2024 Outlook”…
In the first quarter of 2023, the multifamily industry has seen a strong growth in traffic, indicating a pickup in demand for multifamily housing ahead of the prime rental season. While leasing activity has also increased, it hasn’t quite followed the same pace as traffic, resulting in a lower closing ratio.
In this edition of Radix’s Multifamily Insights, Chris Nebenzahl discusses the importance of focusing on traffic and leases as leading indicators for the multi-family industry. As we approach the prime rental season, which typically begins in March, it is essential to understand how traffic and leases can indicate how the rest of the year will go for the industry.
As we enter into the second quarter of 2023, it’s worth taking a step back and examining the current state of the macro economy and multifamily industry. Overall, the employment market is very strong, with unemployment rates remaining at around 3.5%.
Multifamily markets have seen a series of tectonic shifts over the past two years, but growth nationally remains strong as
Our CEO Blerim Zeqiri was interviewed by the Phoenix Business Journal to discuss the impact of the COVID-19 pandemic on the