Market Intelligence: Q1 2025 Northeast Region
Steady demand and a generally limited new supply of apartments have kept income growth for most of the Northeast & Mid-Atlantic apartment markets stable by national standards in the past two years. Despite the eastern seaboard seeing less robust economic and population growth than the Sun Belt and the nation's Inner West, the Northeast & Mid-Atlantic have churned out more than enough demand to satiate otherwise modest supply levels. In terms of performance, that's translated to some of the nation's tightest occupancy rates, low renter turnover, and historically 'normal' rent growth compared to the broader country. Are there any expected performance shifts on the horizon in 2025? Or do the next 12 months expect to look like the previous 12, characterized by an overall theme of stability?
Join RealPage market experts as they review recent performance stats for markets dotting the nation's eastern seaboard, spanning from the lower Mid-Atlantic up through New England. This discussion will include quantitative and qualitative expectations for the 2025 calendar year.
Key questions that this webcast will ask include:
- What principal regional themes characterize the Midwest's current apartment market and economic landscape?
- An overview of supply/demand fundamentals - what does 2025 hold in store for supply expectations, and how much demand will these local markets need to generate to maintain pace?
- How do rent growth, occupancy, and resident retention (among other performance stats) compare to the broader nation?
- What is the near-term (12 to 18-month forward-looking) outlook for this region's metro areas?
States included in this market update (alphabetical):
Connecticut
Maine
Maryland
Massachusetts
New Hampshire
New Jersey
New York
Pennsylvania
Rhode Island
Virginia
Washington, D.C.
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.
