Despite apartment rent growth in Philadelphia gravitating toward its long-term average in late 2023, it still ranks among major metropolitan areas with the highest annual rent growth figures at 2.4%. Of the 15 largest U.S. apartment markets, only Chicago and Boston have seen apartment rents increase at a faster rate than Philadelphia. However, rent growth for...
New multifamily construction has declined sharply this year across Kansas City, Missouri, with building starts on pace to reach the lowest level in more than a decade. About 2,200 apartment units have broken ground this year through October. That figure is less than half of the total in 2022 and 50% below the market’s average since 2013. Several factors are...
Hi, this is Victor Gutierrez, Vice President of Operations at Ten-X with this week’s Market Minute. Today I want to provide you some insight into what we’re seeing in the office market. We’ve all seen the negative headlines and have likely personally been impacted by the shifts in the way office space is used. The office market faces headwinds. Office attendance...
