Market Intelligence: Q2 Northeast Region Update
Many local northeast multifamily metros have jumped towards the top of the nation’s rent and revenue growth leaderboard because of stable demand in an otherwise low supply rental environment. The combination of these two influences has kept occupancy largely in line with historic norms, resulting in rent growth that isn’t far off historic expectations.
Some longer-term demand headwinds, such as sluggish population growth, may, for some multifamily metros, limit the outlook beyond 2024 and 2025. But our multifamily experts say healthy supply/demand balance in the coming 12 - 24 months may cause other northeast apartment metros to outperform national norms.
Watch our webcast to learn what to expect in your region. Join RealPage® market analysts Dustin Weaver and Adam Couch as they review the status of multifamily performance across New York and New England multifamily metros.
Markets featured in this webcast include:
- Albany
- Boston
- Bridgeport
- Buffalo
- Hartford
- Ithaca
- Long Island
- Manchester
- New Haven
- New York City
- Norwich
- Portland
- Providence
- Rochester
- Springfield
- Syracuse
- Utica
- Watertown
- Worcester
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.
Adam Couch
Market Analyst, RealPage, Inc.Adam Couch is a Market Analyst and has extensive experience in researching economic and demographic trends that support clients in their investment decisions. Adam has been a featured speaker at several multifamily housing industry conferences and regularly provides commentary for national and local business media. Prior to joining RealPage, Adam worked at Fannie Mae advising leadership on risk management for current pricing and acquisitions.
