2014 National Multifamily Rent Outlook

2014 National Multifamily Rent Outlook

Rent Growth. Rents are anticipated to grow 3.5% in 2014. Rents are predicted to grow at a slightly slower rate in the coming year, and the rate of growth will remain positive, but decelerate through 2017. Seattle, the bay area, and Houston are maintaining rent growth above 4% year over year, along with strong job growth. Steady job growth is driving strong housing demand.

Markets most exposed to energy and tech sectors will experience the strongest job growth over the next few years. Energy and tech-driven markets lead all major metro areas in effective rent growth: 1. San Francisco 2. Seattle 3. Denver 4. Houston 5. Austin (The Rosen Report, Rosen Consulting Group) Rising Rentership.

The 25-34 year old age group is expected to experience a decline in home ownership rate over the next few years due to the recession as well as student debts that are preventing them from qualifying to buy a home. This results in a 11% increase in renter households for this age group by 2015.


1 Comment

Filed under Commericial Real Estate Articles & News, Investment Real Estate

One response to “2014 National Multifamily Rent Outlook

  1. studiopba

    Reblogged this on StudioPBA and commented:
    Pretty promising information in this article! #StudioPBA #Denver

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s