Apartment Sector Trends Report
Linked is a useful sortable report looking at not only vacancy and rent growth trends for multiunit residential, but also retail and office. Go to the link in the upper left of the page ‘Metro/Submarket Reports’.
Apartment cap rates have fallen by 160 basis points in the last two years. This is due to the collapse of the owner-occupied residential market over the last 3 ½ years, hugely constrained new multiunit residential construction caused by the lack of construction financing, causing demand to greatly exceed supply and a bit due to the weak dollar attracting foreign investors to the US market.
Reis Reports.com – FreeReport Market Trends
By the way, I’m not affiliated in any way with Reis. I got this report today in my email and thought a few of my readers might be interested in it.