Kansas City 3Q 2024 Market Report
Research Multifamily Market Reports Kansas City 3Q 2024 MARKET SNAPSHOT Kansas City 3Q 2024 AVERAGE RENT $1,316 3Q 2024 OCCUPANCY RATE 93.5% 3Q 2024 QUARTERLY NET DEMAND 1,635 [YTD: 4,580] YoY RENT CHANGE 3.3% 3Q 2024 YoY OCCUPANCY CHANGE +10 BASIS POINTS QUARTERLY COMPLETIONS 1,210 [YTD: 2,974] KEY TAKEAWAYS Net absorption in the Kansas City […]
Springfield, MO 3Q 2024 Market Report
Research Multifamily Market Reports Springfield, MO 3Q 2024 MARKET SNAPSHOT Springfield, MO 3Q 2024 AVERAGE RENT $957 3Q 2024 OCCUPANCY RATE 96.2% 3Q 2024 QUARTERLY NET DEMAND 168 [YTD: 441] YoY RENT CHANGE 3.2% 3Q 2024 YoY OCCUPANCY CHANGE +10 BASIS POINTS QUARTERLY COMPLETIONS 209 [YTD: 548] KEY TAKEAWAYS Rental demand has maintained a positive […]
St. Louis 3Q 2024 Market Report
Research Multifamily Market Reports St. Louis 3Q 2024 MARKET SNAPSHOT St. Louis 3Q 2024 AVERAGE RENT $1,241 3Q 2024 OCCUPANCY RATE 91.8% 3Q 2024 QUARTERLY NET DEMAND 871 [YTD: 2,720] YoY RENT CHANGE 2.1% 3Q 2024 YoY OCCUPANCY CHANGE +10 BASIS POINTS QUARTERLY COMPLETIONS 1,093 [YTD: 2,024] KEY TAKEAWAYS Year-to-date Net absorption reached 2,720 units […]
Kansas City 3Q 2024
An interactive look into the Multifamily Construction Pipeline in Q3 for Kansas City, Missouri
St. Louis 3Q 2024
An interactive look into the Multifamily Construction Pipeline in Q3 for St. Louis, Missouri
Kansas City 2Q 2024 Report
Kansas City 2Q 2024 Market Report MARKET SNAPSHOT AVERAGE RENT $1,290 2Q 2024 2Q 2024 RENT CHANGE 3.3% OCCUPANCY RATE 93.2% 2Q 2024 ANNUAL OCCUPANCY CHANGE -50 BASIS POINTS QUARTERLY DEMAND 1,675 [YTD: 2,551] QUARTERLY COMPLETIONS 502 [YTD: 1,638] KEY TAKEAWAYS In the second quarter of 2024, Kansas City witnessed a surge in renter demand, as […]
Springfield, MO 2Q 2024 Report
Springfield, MO 2Q 2024 Market Report MARKET SNAPSHOT AVERAGE RENT $929 2Q 2024 2Q 2024 RENT CHANGE 2.4% OCCUPANCY RATE 96.2% 2Q 2024 ANNUAL OCCUPANCY CHANGE 0 BASIS POINTS QUARTERLY DEMAND 213 [YTD: 298] QUARTERLY COMPLETIONS 99 [YTD: 339] KEY TAKEAWAYS The Springfield metro area experienced a vigorous spring leasing season as 213 units absorbed […]
St. Louis 2Q 2024 Report
St. Louis 2Q 2024 Market Report MARKET SNAPSHOT AVERAGE RENT $1,225 2Q 2024 2Q 2024 RENT CHANGE 2.3% OCCUPANCY RATE 91.7% 2Q 2024 ANNUAL OCCUPANCY CHANGE -30 BASIS POINTS QUARTERLY DEMAND 1,074 [YTD: 1,714] QUARTERLY COMPLETIONS 14 [YTD: 713] KEY TAKEAWAYS The second quarter of 2024 marked a pivotal shift for the Saint Louis market, […]
Springfield 2Q24
An interactive look into the Multifamily Construction Pipeline in Q2 for Springfield, Missouri
St. Louis 2Q24
An interactive look into the Multifamily Construction Pipeline in Q1 for St. Louis, Missouri
Kansas City Q1 2024 Report
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 […]
St. Louis Q1 2024 Report
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 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 […]
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 […]
Kansas City Q3 2023
Kansas City 3Q23Multifamily Market Report $1,302 average rent 94.9% average occupancy rate $386.7M ytd sales volume 3.3% YoY rent change 4,744 UNITS DELIVERING OVER THE NEXT 4Q 18 YTD individual transactions Supply & Demand 3Q23 899 Units QUARTERLY DEMANDYTD: 2,467 917 Units QUARTERLY COMPLETIONSYTD: 3,556 Annual Demand vs Completions 2018 3,136 3,455 2019 3,644 2,343 […]
St. Louis Q3 2023
St. Louis 3Q23Multifamily Market Report $1,277 average rent 94.4% average occupancy rate $345.9M ytd sales volume 3.1% YoY rent change -1.5 POINTS yoy occupancy change 20 YTD individual transactions Supply & Demand 3Q23 189 Units QUARTERLY DEMANDYTD: 612 1,082 Units QUARTERLY COMPLETIONSYTD: 1,913 Annual Demand vs Completions 2018 4,080 2,536 2019 4,121 1,997 2020 1,412 […]
Kansas City Q2 2023
Kansas City 2Q23Multifamily Market Report $1,276 average rent 94.9% average occupancy rate $287M ytd sales volume 5.0% YoY rent change -1.9 POINTS yoy occupancy change 10 YTD individual transactions Supply & Demand 2Q23 1,230 Units QUARTERLY DEMANDYTD: 1,619 1,240 Units QUARTERLY COMPLETIONSYTD: 2,696 Annual Demand vs Completions 2018 3,129 3,455 2019 3,645 2,343 2020 4,175 […]
St. Louis Q2 2023
St. Louis 2Q23Multifamily Market Report $1,251 average rent 94.9% average occupancy rate $328.5M ytd sales volume 4.6% YoY rent change -1.0 POINT yoy occupancy change 18 YTD individual transactions Supply & Demand 2Q23 527 Units QUARTERLY DEMANDYTD: 423 369 Units QUARTERLY COMPLETIONSYTD: 831 Annual Demand vs Completions 2018 4,080 2,536 2019 4,121 1,997 2020 1,412 […]
Kansas City Q1 2023
This comprehensive analysis provides valuable insights into the multifamily sector’s performance and emerging trends in the Kansas City Market for Q1 2023.
St. Louis Q1 2023
This comprehensive analysis provides valuable insights into the multifamily sector’s performance and emerging trends in the St. Louis Market for Q1 2023.
