Robert Arzola’s Post

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Central Texas Multi-Housing | Managing Director at JLL Capital Markets

📰 Rent Growth! Rent Growth! Read All About It! RealPage, Inc. is forecasting rent growth across the country in 2025. In #Austin, rent growth of 1.7% is expected over the next 12 months. In #SanAntonio, rent growth of 1.8% is expected over the next 12 months. This is driven by forecasts that demand (absorption) will outpace supply (deliveries) and increase occupancy back to near the five-year average. 📉 Nationally, RealPage is forecasting that supply will decrease by ~20% in 2025. They project that “50% of the top 50 markets should see annual rent growth between 2% and 3% in calendar year 2024”. Interestingly, #Atlanta and #Jacksonville are the ONLY markets forecasted to experience rent declines greater than 1% in 2024. ❕ In 2025, nearly ALL markets are forecasted to experience positive rent growth. Here’s the breakdown for the top 50 markets: ~40% could experience rent growth of >3% ~55% could experience rent growth of 2-3% ~5% could experience rent growth <2% With the supply cliff in sight (within 12 months), third party data providers are beginning to confidently forecast positive rent growth. Article: https://lnkd.in/gZxFwavf JLL Multi-Housing - Central TX Ryan McBride | Robert Wooten Chris Roper | Nick Beardslee | Alex Fernandes

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Jim Young, CCIM

CRE Developer-Investor-Entrepreneur

5mo

I know a Texas city that had zero new MF starts in Q1-24; so those rates will whiplash back soon

David Morin

Multifamily Real Estate Developer in the Austin-San Antonio Corridor

5mo

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Great info. Thanks for sharing.

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Brenda Vickrey Johnson

President Vickrey & Associates, LLC, an ESP Company

5mo

Thanks for sharing

Arnulfo Maldonado

Field Service Technician at Smiths Detection

5mo

Love this

Rav Singh, CCIM

Hotel Division Leader at KW Commercial and Commercial Real Estate Syndicator/Investor

5mo

Good analysis!

Scott Corbett

Founder, CEO at Lightmark Media | Co-Founder of Raisesmarter.com

5mo

Love this breakdown, Robert Arzola!

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