Market Intelligence Webcast: 2025 Q1 Desert & Mountain Region Update
Though not all western U.S. markets fall into the traditional Sun Belt category, the region's trends have largely mirrored the nation's Smile States. For example, markets spanning the Desert & Mountain region saw incredible demand, fueling record-low vacancy rates before a surge in supply could catch up. As such, rent contraction in several of these markets was among the nation's largest in 2022 and 2023 – though recent performance suggests stabilization is coming.
The key performance driver in this region over the past few quarters has been a high volume of new supply, but an uptick in new starts and permits data suggests that the supply pipeline is beginning to shut down. So, can Deserts & Mountains region markets continue to work towards stabilization in 2025, or will it take something more to get them back on track?
Join RealPage® market experts Dustin Weaver and Julia Young as they discuss recent Desert & Mountain region performance and other topics including:
- What principal regional themes characterize the current apartment market and economic landscape in the Desert & Mountain region?
- An overview of supply/demand fundamentals: What does 2025 hold in store for supply expectations and how much demand will local markets need to generate to keep pace?
- How do rent growth, occupancy and resident retention (among other performance stats) match up with those of the broader nation?
- What is the 12-to-18 month outlook for the metro areas in this region?
States covered:
- Arizona
- Colorado
- Idaho
- Nevada
- New Mexico
Dustin Weaver is a Market Analyst with RealPage's Data Analytics division, where he focuses on conventional apartment market analysis, research and data methodology. Dustin leverages his background in partnering with institutional investors and REITs to enable easier consumption and application of multifamily data and analysis.
Robin Young
Head of Market Research, Buildium, RealPage, Inc.As the head of market research for the mixed-use division of RealPage, Robin leverages her background in social science research and interest in real estate economics to uncover trends in the rental market. Her research provides small-business property managers with a 360-degree view of the industry, sharing insights gleaned from surveys of thousands of property managers, rental owners and renters each year. She’s best known as the author of the annual Property Management Industry Report, a Buildium®, Propertyware® and NARPM® joint publication.
