San Antonio Q1 2024 Report

San Antonio, Texas, USA Skyline

San Antonio 1Q 2024 Market Report MARKET SNAPSHOT AVERAGE RENT $1,224 1Q 2024 1Q 2024 RENT CHANGE -2.9% OCCUPANCY RATE 90% 1Q 2024 ANNUAL OCCUPANCY CHANGE -130 BASIS POINTS TOTAL OPERATING EXPENSE ANNUAL CHANGE 3.2% (FEB 2024) NET OPERATING INCOME ANNUAL CHANGE 1.9% (FEB 2024) * Please note that these employment figures have been adjusted […]

Oklahoma City Q1 2024 Report

Oklahoma City, Oklahoma, USA Downtown Cityscape

Oklahoma City 1Q 2024 Market Report MARKET SNAPSHOT AVERAGE RENT $960 1Q 2024 1Q 2024 RENT CHANGE 1.9% OCCUPANCY RATE 89.3% 1Q 2024 ANNUAL OCCUPANCY CHANGE -20 BASIS POINTS TOTAL OPERATING EXPENSE ANNUAL CHANGE 4.5% NET OPERATING INCOME ANNUAL CHANGE 7.5% * Please note that these employment figures have been adjusted for seasonal variations and […]

Indianapolis Q1 2024 Report

Indianapolis, Indiana, USA

Indianapolis 1Q 2024 Market Report MARKET SNAPSHOT AVERAGE RENT $1,238 1Q 2024 1Q 2024 RENT CHANGE 2.3% OCCUPANCY RATE 92.2% 1Q 2024 ANNUAL OCCUPANCY CHANGE -40 BASIS POINTS TOTAL OPERATING EXPENSE ANNUAL CHANGE 8.4% (FEB 2024) NET OPERATING INCOME ANNUAL CHANGE 8.1% (FEB 2024) * Please note that these employment figures have been adjusted for […]

Chicago 1Q 2024 Report

Chicago, Illinois, USA downtown cityscape at dusk.

Chicago 1Q 2024 Market Report MARKET SNAPSHOT AVERAGE RENT $1,734 1Q 2024 1Q 2024 RENT CHANGE 2.5% OCCUPANCY RATE 95.3% 1Q 2024 ANNUAL OCCUPANCY CHANGE 10 BASIS POINTS TOTAL OPERATING EXPENSE ANNUAL CHANGE 6.9% NET OPERATING INCOME ANNUAL CHANGE 7.8% * Please note that these employment figures have been adjusted for seasonal variations and are […]

Tampa Q1 2024 Report

Tampa, Florida, USA Downtown Skyline at Dusk

Tampa 1Q 2024 Market Report MARKET SNAPSHOT AVERAGE RENT $1,750 1Q 2024 1Q 2024 RENT CHANGE -1.5% OCCUPANCY RATE 93.1% 1Q 2024 ANNUAL OCCUPANCY CHANGE -110 BASIS POINTS TOTAL OPERATING EXPENSE ANNUAL CHANGE 11.8% (FEB 2024) NET OPERATING INCOME ANNUAL CHANGE 3.3% (FEB 2024) * Please note that these employment figures have been adjusted for […]

St. Louis Q1 2024 Report

St. Louis, Missouri, USA downtown cityscape

St. Louis 1Q 2024 Market Report MARKET SNAPSHOT AVERAGE RENT $1,197 1Q 2024 1Q 2024 RENT CHANGE 1.6% OCCUPANCY RATE 91.0% 1Q 2024 ANNUAL OCCUPANCY CHANGE -140 BASIS POINTS TOTAL OPERATING EXPENSE ANNUAL CHANGE 8.7% (FEB 2024) NET OPERATING INCOME ANNUAL CHANGE 1.4% (FEB 2024) * Please note that these employment figures have been adjusted […]

Kansas City Q1 2024 Report

Kansas City, Missouri, USA Skyline

Kansas City 1Q 2024 Market Report MARKET SNAPSHOT AVERAGE RENT $1,259 1Q 2024 1Q 2024 RENT CHANGE 2.5% OCCUPANCY RATE 92.8% 1Q 2024 ANNUAL OCCUPANCY CHANGE -90 BASIS POINTS TOTAL OPERATING EXPENSE ANNUAL CHANGE 4.3% NET OPERATING INCOME ANNUAL CHANGE 3.1% * Please note that these employment figures have been adjusted for seasonal variations and […]

Austin Q1 2024 Report

Austin, Texas, USA Cityscape

Austin 1Q 2024 Market Report MARKET SNAPSHOT AVERAGE RENT $1,562 1Q 2024 1Q 2024 RENT CHANGE -6.2% OCCUPANCY RATE 90.6% 1Q 2024 ANNUAL OCCUPANCY CHANGE -210 BASIS POINTS TOTAL OPERATING EXPENSE ANNUAL CHANGE 4.4% (FEB 2024) NET OPERATING INCOME ANNUAL CHANGE 0.6% (FEB 2024) * Please note that these employment figures have been adjusted for […]

Atlanta 2024 Forecast

Atlanta Georgia

Atlanta 2024 Market Forecast MARKET SNAPSHOT AVERAGE RENT $1,577 4Q 2023 $1,603 4Q 2024 2024 RENT CHANGE 1.6% OCCUPANCY RATE 90.5% 4Q 2023 90.2% 4Q 2024 2024 OCCUPANCY CHANGE -30 BASIS POINTS EMPLOYMENT* 1.30M 2023 1.31M 2024 UNEMPLOYMENT RATE** 3.4% 2023 4.0% 2024 * Please note that these employment figures have been adjusted for seasonal variations and are […]

Austin 2024 Forecast

Austin 2024 Market Forecast MARKET SNAPSHOT AVERAGE RENT $1,560 4Q 2023 $1,570 4Q 2024 2024 RENT CHANGE 0.6% OCCUPANCY RATE 91.4% 4Q 2023 91.0% 4Q 2024 2024 OCCUPANCY CHANGE -40 POINTS EMPLOYMENT* 1.32M 2023 1.34M 2024 UNEMPLOYMENT RATE** 3.5% 2023 3.5% 2024 * Please note that these employment figures have been adjusted for seasonal variations and are […]

Boston 2024 Forecast

Boston 2024 Market Forecast MARKET SNAPSHOT AVERAGE RENT $2,728  4Q 2023 $2,845  4Q 2024 2024 RENT CHANGE 4.3% OCCUPANCY RATE 96.1% 4Q 2023 95.8% 4Q 2024 4Q 2024 OCCUPANCY CHANGE -30 POINTS EMPLOYMENT* 2.87M 2023 2.90M 2024 UNEMPLOYMENT RATE** 2.7% 2023 3.0% 2024 * Please note that these employment figures have been adjusted for seasonal variations and […]

Charlotte 2024 Forecast

Charlotte, North Carolina, USA

Charlotte 2024 Market Forecast MARKET SNAPSHOT AVERAGE RENT $1,533  4Q 2023 $1,564 4Q 2024 2024 RENT CHANGE 2.0% OCCUPANCY RATE 92.2% 4Q 2023 91.9% 4Q 2024 4Q 2024 OCCUPANCY CHANGE -30 points EMPLOYMENT* 1.35M 2023 1.37M 2024 UNEMPLOYMENT RATE** 3.2% 2023 3.7% 2024 * Please note that these employment figures have been adjusted for seasonal […]

Chicago 2024 Forecast

Skyline of Chicago, United States

Chicago 2024 Market Forecast MARKET SNAPSHOT AVERAGE RENT $1,685 4Q 2023 $1,751 4Q 2024 2024 RENT CHANGE 3.9% OCCUPANCY RATE 95.1% 4Q 2023 94.9% 4Q 2024 2024 OCCUPANCY CHANGE -20 POINTS EMPLOYMENT* 4.77M 2023 4.79M 2024 UNEMPLOYMENT RATE** 4.2% 2023 4.5% 2024 * Please note that these employment figures have been adjusted for seasonal variations and are based […]

Cincinnati 2024 Forecast

Cincinnati, Ohio, USA Skyline

Cincinnati 2024 Market Forecast MARKET SNAPSHOT AVERAGE RENT $1,201 4Q 2023 $1,256 4Q 2024 2024 RENT CHANGE 4.5% OCCUPANCY RATE 94.7% 4Q 2023 94.4% 4Q 2024 2024 OCCUPANCY CHANGE -30 points EMPLOYMENT* 1.16M 2023 1.17M 2024 UNEMPLOYMENT RATE** 3.2% 2023 4.0% 2024 * Please note that these employment figures have been adjusted for seasonal variations […]

Columbus 2024 Forecast

Columbus, Ohio, USA Skyline

Columbus 2024 Market Forecast MARKET SNAPSHOT AVERAGE RENT $1,237 4Q 2023 $1,282 4Q 2024 2024 RENT CHANGE 3.6% OCCUPANCY RATE 93.7% 4Q 2023 93.4% 4Q 2024 2024 OCCUPANCY CHANGE -40 BASIS POINTS EMPLOYMENT* 1.15M 2023 1.17M 2024 UNEMPLOYMENT RATE** 3.1% 2023 3.8% 2024 * Please note that these employment figures have been adjusted for seasonal variations and are based […]

Dallas-Fort Worth 2024 Forecast

Dallas Texas Skyline

Dallas-Fort Worth 2024 Market Forecast MARKET SNAPSHOT AVERAGE RENT $1,492 4Q 2023 $1,535 4Q 2024 2024 RENT CHANGE 2.9% OCCUPANCY RATE 91.9% 4Q 2023 91.6% 4Q 2024 2024 OCCUPANCY CHANGE -30 BASIS POINTS EMPLOYMENT* 4.27M 2023 4.35M 2024 UNEMPLOYMENT RATE** 3.8% 2023 3.9% 2024 * Please note that these employment figures have been adjusted for seasonal variations and are […]

Denver 2024 Forecast

Denver, Colorado, USA Skyline

Denver 2024 Market Forecast MARKET SNAPSHOT AVERAGE RENT $1,815  4Q 2023 $1,848 4Q 2024 2024 RENT CHANGE 1.8% OCCUPANCY RATE 94.1% 4Q 2023 93.8% 4Q 2024 4Q 2024 OCCUPANCY CHANGE -30 points EMPLOYMENT* 1.59M 2023 1.60M 2024 UNEMPLOYMENT RATE** 3.1% 2023 3.3% 2024 * Please note that these employment figures have been adjusted for seasonal […]

Des Moines 2024 Forecast

Downtown Des Moines Iowa Midwest Big City Main Street

Des Moines 2024 Market Forecast MARKET SNAPSHOT AVERAGE RENT $1,089 4Q 2023 $1,135 4Q 2024 2024 RENT CHANGE 4.2% OCCUPANCY RATE 94.1% 4Q 2023 93.9% 4Q 2024 2024 OCCUPANCY CHANGE -20 points EMPLOYMENT* 390.8K 2023 392.5K 2024 UNEMPLOYMENT RATE** 2.8% 2023 3.2% 2024 * Please note that these employment figures have been adjusted for seasonal […]

El Paso 2024 Forecast

El Paso 2024 Market Forecast MARKET SNAPSHOT AVERAGE RENT $1,016  4Q 2023 $1,058 4Q 2024 2024 RENT CHANGE 4.1% OCCUPANCY RATE 94.7% 4Q 2023 94.4% 4Q 2024 4Q 2024 OCCUPANCY CHANGE -30 BASIS POINTS EMPLOYMENT* 339.8K 2023 342.9K 2024 UNEMPLOYMENT RATE** 4.5% 2023 4.9% 2024 * Please note that these employment figures have been adjusted for seasonal variations […]

Houston 2024 Forecast

Houston, Texas, USA downtown park and skyline at twilight.

Houston 2024 Market Forecast MARKET SNAPSHOT AVERAGE RENT $1,301 4Q 2023 $1,333 4Q 2024 2024 RENT CHANGE 2.5% OCCUPANCY RATE 91.0% 4Q 2023 90.7% 4Q 2024 2024 OCCUPANCY CHANGE -30 points EMPLOYMENT* 3.35M 2023 3.42M 2024 UNEMPLOYMENT RATE** 4.4% 2023 4.2% 2024 * Please note that these employment figures have been adjusted for seasonal variations […]

Indianapolis 2024 Forecast

Indianapolis, Indiana, USA

Indianapolis 2024 Market Forecast MARKET SNAPSHOT AVERAGE RENT $1,213 4Q 2023 $1,256 4Q 2024 2024 RENT CHANGE* 3.5% OCCUPANCY RATE 92.0% 4Q 2023 91.6% 4Q 2024 2024 OCCUPANCY CHANGE -30 BASIS POINTS EMPLOYMENT** 1.16M 2023 1.18M 2024 UNEMPLOYMENT RATE*** 3.1% 2023 3.8% 2024 * The rent change figure represents the change of the rental rate based on the entire […]

Jacksonville 2024 Forecast

Jacksonville, Florida, USA Skyline

Jacksonville 2024 Market Forecast MARKET SNAPSHOT AVERAGE RENT $1,443 4Q 2023 $1,478 4Q 2024 2024 RENT CHANGE 2.4% OCCUPANCY RATE 90.6% 4Q 2023 90.3% 4Q 2024 2024 OCCUPANCY CHANGE -30 points EMPLOYMENT* 805.4K 2023 819.7K 2024 UNEMPLOYMENT RATE** 2.8% 2023 3.6% 2024 * Please note that these employment figures have been adjusted for seasonal variations […]

Kansas City 2024 Forecast

Kansas City, Missouri, USA downtown skyline with Union Station

Kansas City 2024 Market Forecast MARKET SNAPSHOT AVERAGE RENT $1,233 4Q 2023 $1,282 4Q 2024 2024 RENT CHANGE 4.0% OCCUPANCY RATE 93.3% 4Q 2023 93.0% 4Q 2024 2024 OCCUPANCY CHANGE -30 BASIS POINTS EMPLOYMENT* 1.13M 2023 1.14M 2024 UNEMPLOYMENT RATE** 2.9% 2023 3.4% 2024 * Please note that these employment figures have been adjusted for seasonal variations and are […]

Little Rock 2024 Forecast

Little Rock 2024 Market Forecast MARKET SNAPSHOT AVERAGE RENT $962 4Q 2023 $998 4Q 2024 2024 RENT CHANGE 3.7% OCCUPANCY RATE 90.5% 4Q 2023 89.9% 4Q 2024 4Q 2024 OCCUPANCY CHANGE -60  BASIS POINTS EMPLOYMENT* 385.0K 2023 387.6K 2024 UNEMPLOYMENT RATE** 2.7% 2023 3.4% 2024 * Please note that these employment figures have been adjusted for seasonal variations and […]

Louisville 2024 Forecast

Louisville, Kentucky, USA downtown skyline on the Ohio River at

Louisville 2024 Market Forecast MARKET SNAPSHOT AVERAGE RENT $1,124  4Q 2023 $1,170 4Q 2024 2024 RENT CHANGE 4.1% OCCUPANCY RATE 93.4% 4Q 2023 93.6% 4Q 2024 4Q 2024 OCCUPANCY CHANGE +20 points EMPLOYMENT* 691.7K 2023 697.2K 2024 UNEMPLOYMENT RATE** 3.6% 2023 4.1% 2024 * Please note that these employment figures have been adjusted for seasonal […]