Marcus & Millichap

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Tennessee Local Apartment Report

Multifamily
Second Quarter 2019

Persistent absorption to be tested by robust supply growth in Memphis, Knoxville. Residents have rapidly signed apartment leases throughout the major Tennessee metros, and builders are responding with considerable completions in Knoxville and Memphis. More

Tampa Local Apartment Report

Multifamily
Second Quarter 2019

New residents filling rentals. The net migration of more than 39,800 people this year will bolster demand for apartments in Tampa-St. Petersburg. Many of the new residents are moving for job opportunities. More

Southeast Florida Local Apartment Report

Multifamily
Second Quarter 2019

Miami leads construction boom in Southeast Florida. An estimated 7,500 apartments will open in the Miami-Dade metro by the end of 2019, the most active year for construction since at least 2003. More

South Carolina Local Apartment Report

Multifamily
Second Quarter 2019

Charleston experiencing supply influx. Vacancy in South Carolina’s largest metro will rise this year as the apartment construction cycle peaks. Weakness in the rate is anticipated to be relatively localized.More

Salt Lake City Local Apartment Report

Multifamily
Second Quarter 2019

Diverse economic growth lays the groundwork for robust absorption. Job creation in Salt Lake City has outpaced the national rate of increase throughout this cycle, highlighted by positive hiring across all employment sectors over the past year. More

Seattle Local Apartment Report

Multifamily
Second Quarter 2019

Growing economy and high cost of housing boost rental demand. Seattle’s job market remains one of the best in the nation, creating thousands of positions in high-paying tech and life sciences sectors. More