• Tue. May 28th, 2024

Downtowns in San Antonio and Sacramento Buck National Multifamily Demand Trends

Bynewsmagzines

Jun 7, 2023
Chart shows the difference between the absorption of apartment units in the downtown/midtown areas and the metropolitan area as a whole to indicate the degree to which demand is stronger in urban areas, controlling for the size of the submarket and market.

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Over the past month, both the Wall Street Journal and NPR have reported on the decline of downtowns in many markets as retail and office vacancies increase in many central business districts as more residents and businesses look to the suburbs for growth. However, Sacramento and San Antonio, a pair of secondary markets of comparable size and growth patterns, have seen increased growth in their downtown areas.

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