Marcus & Millichap

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North Carolina Local Apartment Report

Second Quarter 2019

Construction cycle peak behind largest North Carolina metros. Developers are slowing the pace of supply additions, which should support tighter vacancy in Charlotte and Raleigh. Greensboro, on the other hand, requires stronger demand-side fundamentals to reverse course. More

New York Local Apartment Report

Second Quarter 2019

Slight pickup in construction unlikely to alter demand dynamics. Amid steady job growth in the New York City economy, the apartment market is booming as single-family homes remain unreachable for most residents. More

Montreal Local Apartment Report

Second Quarter 2019

A healthy local economy and growing interest from international firms led to a robust period of hiring since 2016, boosting household formation and driving demand for housing.  More

Minneapolis Local Apartment Report

Second Quarter 2019

Economic gains propel apartment demand. The metro’s robust economy has resulted in more than 130,000 jobs over the last five years and with the local labor force at full employment, the large supply of open positions is attracting new residents. More

Milwaukee Local Apartment Report

Second Quarter 2019

Milwaukee’s recent revitalization attracts young professionals from major nearby metropolitan areas. One of Milwaukee’s main continuing challenges is to retain its millennial population and attract new residents to the market by diversifying its employment base. More

Madison Local Apartment Report

Second Quarter 2019

Overall delivery volume yet to wane amid slowdown in downtown development. Madison’s high concentration of renter households, largely fueled by the growth of the University of Wisconsin, has driven solid demand for market-rate apartments throughout this cycle, translating to an average annual absorption of 1,200 units. More