Leasing

Small office spaces of less than 10,000 square feet drove leasing activity in the quarter.

Nearly 11% of all renters interested in moving out of state chose Texas.

In fact, as inflation continues to push expenses higher, more households may consider this housing option.

For the last few years, multifamily investors have been exiting the West Coast market, but the housing shortage in the region is a source of great opportunity.

Tenants returned to the market in force in March, helping to drive a strong finish to the quarter and create optimism.

So far, the tea leaves aren't giving much guidance.

Higher wages in the Sunbelt region are helping renters mitigate increased housing costs.

The three-unit portfolio includes Jefferson Rise, Jefferson Edge and REVO, which are located in Anaheim's Platinum Triangle.