WHAT WE'RE READING: Latest Multifamily Reports Show Positive Rent Growth

Updated: Mar 26, 2019

There is widespread good news in the most recent Multifamily industry reports from both Yardi Matrix and CBRE. Combined rent growth in Santa Fe is reported as 11.49% and, “All indicators continue to show that Santa Fe is still one of the tightest rental markets in the country.”

It is estimated that 53% of Santa Fe’s workforce continues to live outside of the city, reinforcing strong demand for rentals. Albuquerque rent growth is expected to be 2.8% in 2019 thanks to employment velocity (11,800 new jobs in 2018) and occupancy in stabilized properties at 95% as of November.

Broadstone Rodeo, currently under construction in Santa Fe.