Where’s the Money for Apartments Going? · Commercial Real Estate 101

Where’s the Money for Apartments Going?

Market share in most major gateway cities over the period 2020-2024 has dropped off according to a report by Jay Parsons, Rental Housing Economist.

That includes NY (-5.3 ppts.) and L.A. (-1.7 ppts.). Other like DC., Seattle, San Fran, CHC, and San Jose dropped off at least 0.5 ppts.

The surprise was that within my base New England Market, BOSTON is holding its own, holding at a steady 2% growth rate.

Notably, D.C. is losing sizable metro share in apartment sales.

“The big gainers in sales volume market share almost all in the Sun Belt: Dallas/Fort Worth (+1.3 ppts to a nation-leading 7.4% of all U.S. apartment sales this decade) and Phoenix (+1.1). Behind them are Miami, Atlanta, Charlotte, Nashville, Orlando and Indianapolis -- all up 0.4 to 0.8 ppts this decade. At +0.3 ppts: San Antonio, Charleston, Austin, Fort Lauderdale and Sarasota.”

https://www.linkedin.com/posts/jay-parsons-a7a6656_which-markets-are-of-increasing-and-decreasing-activity-7303066857047998464-vH1Q?utm_source=share&utm_medium=member_ios&rcm=ACoAAA026j4BVG0EcPGfjH52R9pOhlyq6MmQYQA

Here’s a link showing Jay Parson’s Graph:

MARKETS OF INCREASING/DECREASING APPEAL FOR APARTMENT CAPITAL.

https://www.linkedin.com/posts/jay-parsons-a7a6656_which-markets-are-of-increasing-and-decreasing-activity-7303066857047998464-vH1Q?utm_medium=ios_app&rcm=ACoAAA026j4BVG0EcPGfjH52R9pOhlyq6MmQYQA&utm_source=social_share_send&utm_campaign=copy_link

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