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.