Marcus & Millichap

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San Antonio Local Apartment Report

Multifamily
Second Quarter 2019

Strong net migration continues to drive apartment demand. San Antonio remains a popular destination for people looking to relocate to the Sun Belt. A relatively affordable cost of living, including monthly apartment rents well below the national average, is supporting migra¬≠tion to the Alamo City. More

San Diego Local Apartment Report

Multifamily
Second Quarter 2019

Class A vacancy tightens amid steady construction. San Diego’s apartment stock has grown by 18,000 rentals over the past five years, yet metro vacancy has held in the high-3 percent range throughout.More

Sacramento Local Apartment Report

Multifamily
Second Quarter 2019

Rent gains and household incomes elevate at comparable pace. Attracted to the metro’s above-average employment growth and regionally low cost of living, individuals and households from within California continue to relocate to Sacramento, translating to in-migration of 68,600 people over the past four years. More

Riverside Local Apartment Report

Multifamily
Second Quarter 2019

Migration from coastal metros underpins the Inland Empire rental market, bolstering rents and construction. Rental demand in the Riverside-San Bernardino metro is driven by the migration of residents from the adjacent coastal metros where housing costs have become a major problem.More

Portland Local Apartment Report

Multifamily
Second Quarter 2019

Policymakers tackle housing rental cost with more regulations. Oregon became the first state in the nation to enact statewide rent control at the end of February, placing a 7 percent cap on annual rent increase plus inflation. More

Phoenix Local Apartment Report

Multifamily
Second Quarter 2019

Rental demand spurred by higher education; job growth bolsters construction in the core and neighboring suburbs. Arizona State University, with large campuses in Tempe, downtown Phoenix, Glendale and Mesa, has transformed the multifamily properties surrounding these areas. More