NOT FOR REPRINT
Page Printed from: globest.com/research/?page=82
Sign In To follow
There was a shift in visit rates in March as COVID restrictions were lifted again.
With many of the city's largest employers back in the office, the multifamily market is rapidly recovering.
Entering the busy spring leasing season, Apartments.com reported growth cooled at 10.6%, down from 11.4% in March.
The multifamily industry is beginning its busy season when most of the annual rent growth typically occurs.
The sector saw negligible movement in the overall cap rate, which dropped 3 bps.
The area's concentration of talent has supported expansion in the life science sector, particularly for high growth companies.
Redfin reports rising inflation in the Sun Belt is proving too much for many residents.
Market conditions in the net lease sector combined with an increase in supply of longer leased properties make an impact.
As the vacancy rate moved down, rents also inched up, finishing the first quarter at $6.43 per square foot.
Russia's war on Ukraine scuttled any hope of stabilized numbers.