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 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 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 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 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 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 […]
Nashville 2024 Forecast
Nashville 2024 Market Forecast MARKET SNAPSHOT AVERAGE RENT $1,594 4Q 2023 $1,624 4Q 2024 2024 RENT CHANGE 1.9% OCCUPANCY RATE 92.6% 4Q 2023 92.3% 4Q 2024 4Q 2024 OCCUPANCY CHANGE -30 POINTS EMPLOYMENT* 1.16M 2023 1.17M 2024 UNEMPLOYMENT RATE** 2.6% 2023 3.0% 2024 * Please note that these employment figures have been adjusted for seasonal variations and are based […]
Northwest Arkansas 2024 Forecast
Northwest Arkansas 2024 Market Forecast MARKET SNAPSHOT AVERAGE RENT $1,040 4Q 2023 $1,084 4Q 2024 2024 RENT CHANGE 4.2% OCCUPANCY RATE 95.1% 4Q 2023 94.9% 4Q 2024 4Q 2024 OCCUPANCY CHANGE -20 POINTS EMPLOYMENT* 308.2K 2023 312.8K 2024 UNEMPLOYMENT RATE** 2.1% 2023 2.6% 2024 * Please note that these employment figures have been adjusted for seasonal variations and […]
Omaha 2024 Forecast
Omaha 2024 Market Forecast MARKET SNAPSHOT AVERAGE RENT $1,143 4Q 2023 $1,192 4Q 2024 2024 RENT CHANGE 4.3% OCCUPANCY RATE 95.7% 4Q 2023 95.5% 4Q 2024 2024 OCCUPANCY CHANGE -20 BASIS POINTS EMPLOYMENT* 508.4K 2023 511.9K 2024 UNEMPLOYMENT RATE** 2.3% 2023 2.6% 2024 * Please note that these employment figures have been adjusted for seasonal variations and are […]
Orlando 2024 Forecast
Orlando 2024 Market Forecast MARKET SNAPSHOT AVERAGE RENT $1,724 4Q 2023 $1,756 4Q 2024 2024 RENT CHANGE 1.4% OCCUPANCY RATE 93.1% 4Q 2023 92.8% 4Q 2024 2024 OCCUPANCY CHANGE -30 points EMPLOYMENT* 1.44M 2023 1.46M 2024 UNEMPLOYMENT RATE** 2.8% 2023 3.8% 2024 * Please note that these employment figures have been adjusted for seasonal variations […]
Oklahoma City 2024 Forecast
Oklahoma City 2024 Market Forecast MARKET SNAPSHOT AVERAGE RENT $950 4Q 2023 $1,000 4Q 2024 2024 RENT CHANGE 5.3% OCCUPANCY RATE 89.8% 4Q 2023 90.0% 4Q 2024 4Q 2024 OCCUPANCY CHANGE 20 POINTS EMPLOYMENT* 685.9K 2023 690.1K 2024 UNEMPLOYMENT RATE** 2.8% 2023 3.2% 2024 * Please note that these employment figures have been adjusted for seasonal variations […]
San Antonio 2024 Forecast
San Antonio 2024 Market Forecast MARKET SNAPSHOT AVERAGE RENT $1,225 4Q 2023 $1,252 4Q 2024 2024 RENT CHANGE 2.2% OCCUPANCY RATE 90.2% 4Q 2023 90.1% 4Q 2024 2024 OCCUPANCY CHANGE -10 BASIS POINTS EMPLOYMENT* 1.16M 2023 1.18M 2024 UNEMPLOYMENT RATE** 3.8% 2023 3.7% 2024 * Please note that these employment figures have been adjusted for seasonal variations and […]
St. Louis 2024 Forecast
St. Louis 2024 Market Forecast MARKET SNAPSHOT AVERAGE RENT $1,170 4Q 2023 $1,222 4Q 2024 2024 RENT CHANGE 4.4% OCCUPANCY RATE 91.1% 4Q 2023 90.8% 4Q 2024 2024 OCCUPANCY CHANGE -30 POINTS EMPLOYMENT* 1.43M 2023 1.44M 2024 UNEMPLOYMENT RATE** 3.1% 2023 4.5% 2024 * Please note that these employment figures have been adjusted for seasonal […]
Tampa 2024 Forecast
Tampa 2024 Market Forecast MARKET SNAPSHOT AVERAGE RENT $1,730 4Q 2023 $1,793 4Q 2024 2024 RENT CHANGE 3.6% OCCUPANCY RATE 93.4% 4Q 2023 93.1% 4Q 2024 4Q 2024 OCCUPANCY CHANGE -30 POINTS EMPLOYMENT* 1.53M 2023 1.55M 2024 UNEMPLOYMENT RATE** 2.8% 2023 3.7% 2024 * Please note that these employment figures have been adjusted for seasonal variations and are based […]
Tulsa 2024 Forecast
Tulsa 2024 Market Forecast MARKET SNAPSHOT AVERAGE RENT $966 4Q 2023 $1,002 4Q 2024 2024 RENT CHANGE 3.7% OCCUPANCY RATE 91.6% 4Q 2023 90.8% 4Q 2024 4Q 2024 OCCUPANCY CHANGE -80 POINTS EMPLOYMENT* 460.9K 2023 463.8K 2024 UNEMPLOYMENT RATE** 3.0% 2023 3.4% 2024 * Please note that these employment figures have been adjusted for seasonal variations and are based […]
Twin Cities 2024 Forecast
Twin Cities 2024 Market Forecast MARKET SNAPSHOT AVERAGE RENT $1,440 4Q 2023 $1,489 4Q 2024 2024 RENT CHANGE 3.4% OCCUPANCY RATE 94.5% 4Q 2023 94.2% 4Q 2024 4Q 2024 OCCUPANCY CHANGE -30 basis points EMPLOYMENT* 1.97M 2023 1.99M 2024 UNEMPLOYMENT RATE** 2.9% 2023 3.5% 2024 * Please note that these employment figures have been adjusted […]
2024 Multifamily Market Pulse
The MMG Research Team is pleased to announce the availability of our 2024 Multifamily Pulse Survey. Developed to provide valuable insights on how industry peers are navigating the dynamic business environment, this survey covers a wide range of topics including expectations for capital markets and operating conditions in the upcoming year, as well as acquisition strategies for 2024.
Wichita 2024 Forecast
Wichita 2024 Market Forecast MARKET SNAPSHOT AVERAGE RENT $846 4Q 2023 $880 4Q 2024 2024 RENT CHANGE 4.0% OCCUPANCY RATE 92.6% 4Q 2023 92.2% 4Q 2024 2024 OCCUPANCY CHANGE -40 points EMPLOYMENT* 307.9K 2023 309.3K 2024 UNEMPLOYMENT RATE** 3.2% 2023 3.8% 2024 * Please note that these employment figures have been adjusted for seasonal variations […]
Market Outlook for 2024: A Year of Opportunities
To evaluate the regions where inflation accelerated most rapidly, we analyzed the latest Consumer Price Index for All Urban Consumers (CPI-U) from the Bureau of Labor Statistics, comparing the percent change from Jul 2022 to July 2023, across 23 major metropolitan areas.
Atlanta 4Q23
Atlanta Construction Pipeline 4Q23 MARKET SNAPSHOT 0 Existing Units 0 % share of existing inventory uc 0 total units under construction or in lease-up # 0 rank* 1 = Highest Share of Inventory UC 0 units delivering in next 4q 0 delivered in the last 4q * Rank is based on the share of inventory […]
Austin 4Q23
An interactive look into the Multifamily Construction Pipeline in Q3 for Austin, TX
Billings 4Q23
An interactive look into the Multifamily Construction Pipeline in Q4 for Billings, MT
Boston 4Q23
An interactive look into the Multifamily Construction Pipeline in Q3 for Boston, MA
Charleston 4Q23
An interactive look into the Multifamily Construction Pipeline in Q4 for Charleston, SC
