archive
Multifamily Metro Reports
Information is developed through a combination of original research studies, and reference to secondary sources. Our manner of resourcing and compiling information is defined within this section.
Multifamily Metro Reports
-
Matrix Multifamily Austin Report-November 2024
Austin’s elevated deliveries, up by another 15,666 units year-to-date, kept rent movement negative, down 4.9 percent YoY through September to $1,614. Occupancy was also affected, down another 20 bps YoY to 93.1 percent.
-
Matrix Multifamily WashingtonDC Report-November 2024
Washington, D.C.’s advertised asking rents increased 0.1 percent on a T3 basis through September to $2,216. As of August, the metro’s occupancy rate in stabilized properties rose to 95.5 percent, 70 bps above the national rate, despite pressure from the metro’s 31,000 units underway.
-
Matrix Multifamily Tampa Report-November 2024
Tampa’s advertised asking rents fell 0.3 percent on a T3 basis through September to $1,789, near the U.S. average. The metro’s robust pipeline includes 23,700 units underway and more than 100,000 in the planning and permitting stages.
-
Matrix Multifamily Seattle Report-November 2024
Demand drove improvement in Seattle, with advertised asking rents up 1.2 percent YoY to $2,216, outperforming the 0.9 percent U.S. rate as of September. The occupancy rate also rose, up 20 bps YoY to 95.5 percent, as construction moderated.
-
Matrix Multifamily San Francisco Report-November 2024
San Francisco’s advertised asking rents were down 0.1 percent on a T3 basis through September, to $2,811, while the U.S. rate stayed flat. Demand was still solid, with the overall occupancy rate rising 40 bps YoY to 95.7 percent, signaling enduring demand.
-
Matrix Multifamily San Diego Report-November 2024
San Diego’s advertised asking rents decreased 0.2 percent on a T3 basis through September, to $2,278, while the U.S. remained flat. Contrary to the national trend, the metro’s sales volume outperformed the U.S., growing 25.4 percent YoY to $671 million through the first three quarters of 2024.
-
Matrix Multifamily Raleigh Report-November 2024
Advertised asking rents in Raleigh-Durham were down 0.5 percent on a T3 basis, to $1,540, 50 bps below the national rate. The metro’s deliveries accounted for 4% of existing stock, 190 bps higher than the U.S. rate.
-
Matrix Multifamily Los Angeles Report-November 2024
Los Angeles advertised asking rents rose 10 bps on a T3 basis through September to $2,634, while the U.S. rate remained flat at $1,750. Occupancy also inched up 10 bps, to 96.1 percent, far outpacing the U.S. rate of 94.8 percent.