Market Intelligence: Q2 West Coast Update
While apartment demand stabilized across most regions in 2023, the West Coast saw demand trail other parts of the country.
Though supply remains far less of a headwind for revenue growth across most of the region’s markets, tepid apartment absorption has informed weaker-than-expected rent growth. Still, with occupancy levels hovering around historically normal levels, there may be some signs of near-term stabilization (with some highly localized exceptions to that trend).
Join RealPage® market experts as they discuss recent market fundamentals across the West Coast region and share their insights into the near-term outlook for metro areas in Alaska, California, Hawaii, Oregon and Washington.
Multifamily markets covered in this discussion include:
- Anaheim, CA
- Riverside, CA
- Anchorage, AK
- Sacramento, CA
- Bakersfield, CA
- Salem, OR
- Bellingham, WA
- Salinas, CA
- Bend-Redmond, OR
- San Diego, CA
- Bremerton, WA
- San Francisco, CA
- Chico, CA
- San Jose, CA
- Corvallis, OR
- San Luis Obispo, CA
- Eugene, OR
- Santa Cruz, CA
- Fresno, CA
- Santa Maria, CA
- Kennewick, WA
- Santa Rosa, CA
- Los Angeles, CA
- Seattle, WA
- Merced, CA
- Spokane, WA
- Modesto, CA
- Stockton, CA
- Oakland, CA
- Tacoma, WA
- Olympia, WA
- Urban Honolulu, HI
- Oxnard, CA
- Vallejo, CA
- Portland, OR
- Visalia, CA
- Pullman, WA
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.
Julia Bunch
Content Manager & Real Estate Writer, RealPage, Inc.Julia Bunch is the Content Manager and Real Estate Writer at RealPage, where she focuses on delivering data-driven insights into multifamily housing market trends. Julia has worked as a reporter, writer and editor covering commercial real estate, urban issues and economic development for publications such as D Magazine, Dallas-Fort Worth Real Estate Review, D CEO Magazine and Bisnow.
