Market Intelligence: Q2 Desert/Mountains Update
Although revenue growth is lagging in multifamily markets across the Southwest and Rocky Mountains, the good news is that apartment demand remains fairly strong for most rental metros in the region. The downside is that supply pressure will likely remain a key headwind through 2024 and 2025.
How much supply these markets can absorb in 2024 and the impact on rent growth performance will be a closely watched trend in the coming months. Will a short-term imbalance of supply/demand fundamentals result in local pockets of distress? Get insights from our data analysts.
Join RealPage’s Dustin Weaver and Carl Whitaker as they discuss supply/demand fundamentals across the nation’s Desert/Mountains region, spanning New Mexico and Arizona on the southern edge to Colorado, Utah, Nevada, and even up through Montana and Idaho at its northern fringe.
Markets featured in this discussion include:
- Albuquerque
- Billings
- Boise City
- Boulder
- Bozeman
- Casper
- Cheyenne
- Coeur d'Alene
- Colorado Springs
- Denver
- Edwards
- Flagstaff
- Fort Collins
- Gillette
- Glenwood Springs
- Great Falls
- Greeley
- Helena
- Idaho Falls
- Kalispell
- Las Cruces
- Las Vegas
- Logan
- Missoula
- Phoenix
- Prescott
- Provo-Orem
- Pueblo
- Reno
- Rexburg,
- Salt Lake City
- Santa Fe
- Sierra Vista
- St. George
- Tucson
- Yuma
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.
