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Occupancy by Class
Effective Rent by Class
Source: RealPage
Class A
Class B
Class C
Up 0.3% YOY
Households
130,998,400
Households
130,998,400
Up 0.3% YOY
During the Trailing 12 Months
405,400 UNITS
up 1.6% YOY
Employment
159,105,000
Employment
159,105,000
up 1.6% YOY
During the Trailing 12 Months
2,438,000 JOBS
down 10 bps yoy
Occupancy
94.4%
Occupancy
DOWN 10 BPS YOY
94.4%
Effective Rent
$1,841
up 0.9% yoy
Effective Rent
$1,841
UP 0.9% YOY
$16 YOY
Net Absorption
488,773
Net Absorption
488,773
UNITS
Inventory
Up 2.8% YOY
19,734,174
Inventory
19,734,174
Up 2.8% YOY
During the Trailing Four Quarters
557,842 UNITS
Class A
Class B
Class C
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Atlanta
Austin
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Chicago
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Houston
Las Vegas
Los Angeles
Orange County, CA
Orlando
Philadelphia
Phoenix
Salt Lake City
San Diego
San Francisco-Oakland
San Jose
Seattle-Tacoma
South Florida
Washington, D.C.
UNITS
During the Trailing Four Quarters
Note: Effective rent and occupancy reflect stabilized properties and does not include preleased units or properties in lease-up. A newly constructed property is considered stabilized once it becomes 85% occupied.
Source: RealPage
Note: Effective rent and occupancy reflect stabilized properties and does not include preleased units or properties in lease-up. A newly constructed property is considered stabilized once it becomes 85% occupied.
Sources: Berkadia; RealPage; Moody's Analytics; Federal Reserve Bank of St. Louis
© 2024 Berkadia Real Estate Advisors LLC
Berkadia® is a trademark of Berkadia Proprietary Holding LLC
Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. This report is not intended to solicit commercial mortgage loan brokerage business in Nevada. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. For state licensing details for the above entities, visit: www.berkadia.com/legal/licensing
This document and any statements, information, data and content contained therein, and any materials, information, images, links, sounds, graphics or video provided in conjunction with this document (collectively “Materials”) has been prepared for informational purposes or general guidance on matters of interest only, and does not constitute professional advice, advertising or a solicitation. The Materials are of a general nature and not intended to address the circumstances of any particular individual or entity. You should not act upon the information contained in the Materials without obtaining specific professional advice. As such, nothing herein constitutes legal, financial, business, investment or tax advice and you should consult your own legal, financial, tax, investment or other professional advisor(s) before engaging in any activity in connection herewith. The information in the Materials is not a substitute for a thorough due diligence investigation. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in the Materials, and, to the extent permitted by law, Berkadia Commercial Mortgage LLC ( together with its affiliates, the “Company”) neither accept nor assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the Materials or for any decision based on them. No part of the Materials is to be copied, reproduced, distributed or disseminated in any way without the prior written consent of the Company.
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Sources: Berkadia; RealPage; Moody's Analytics; Federal Reserve Bank of St. Louis
© 2024 Berkadia Real Estate Advisors LLC
Berkadia® is a trademark of Berkadia Proprietary Holding LLC
Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. This report is not intended to solicit commercial mortgage loan brokerage business in Nevada. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. For state licensing details for the above entities, visit: www.berkadia.com/legal/licensing
This document and any statements, information, data and content contained therein, and any materials, information, images, links, sounds, graphics or video provided in conjunction with this document (collectively “Materials”) has been prepared for informational purposes or general guidance on matters of interest only, and does not constitute professional advice, advertising or a solicitation. The Materials are of a general nature and not intended to address the circumstances of any particular individual or entity. You should not act upon the information contained in the Materials without obtaining specific professional advice. As such, nothing herein constitutes legal, financial, business, investment or tax advice and you should consult your own legal, financial, tax, investment or other professional advisor(s) before engaging in any activity in connection herewith. The information in the Materials is not a substitute for a thorough due diligence investigation. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in the Materials, and, to the extent permitted by law, Berkadia Commercial Mortgage LLC ( together with its affiliates, the “Company”) neither accept nor assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the Materials or for any decision based on them. No part of the Materials is to be copied, reproduced, distributed or disseminated in any way without the prior written consent of the Company.
Source: RealPage
Note: Effective rent and occupancy reflect stabilized properties and does not include preleased units or properties in lease-up. A newly constructed property is considered stabilized once it becomes 85% occupied.
Class A
Class B
Class C
Class A
Class B
Class C
Source: RealPage
Note: Effective rent and occupancy reflect stabilized properties and does not include preleased units or properties in lease-up. A newly constructed property is considered stabilized once it becomes 85% occupied.
Occupancy by Class
Effective Rent by Class
Up 0.9% YOY
Households
130,148,400
Households
130,148,400
Up 0.9% YOY
During the Trailing 12 Months
1,206,400 UNITS
up 1.9% YOY
Employment
158,133,000
Employment
158,133,000
up 1.9% YOY
During the Trailing 12 Months
2,927,000 JOBS
down 70 bps yoy
Occupancy
94.1%
Occupancy
DOWN 70 BPS YOY
94.1%
Effective Rent
$1,807
up 1.2% yoy
Effective Rent
$1,807
UP 1.2% YOY
$22 YOY
Net Absorption
317,241
UNITS
Net Absorption
317,241
UNITS
During the Trailing Four Quarters
Inventory
Up 2.5% YOY
19,438,855
Inventory
19,438,855
Up 2.5% YOY
During the Trailing Four Quarters
479,367 UNITS
Please tap oN each module for further stats
Inventory
19,734,174
Up 2.8% YOY
During the Trailing Four Quarters
557,842 UNITS
Net Absorption
488,773
UNITS
During the Trailing Four Quarters
Effective Rent
$1,841
UP 0.9% YOY
$16 YOY
Occupancy
DOWN 10 BPS YOY
94.4%
Employment
159,105,000
up 1.6% YOY
During the Trailing 12 Months
2,438,000 JOBS
Households
130,998,400
Up 0.3% YOY
During the Trailing 12 Months
405,400 UNITS
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