Multi-family Project Occupancy Update - Q3 2018

Each quarter, rennie Intelligence provides a Multi-family Occupancy Update based on the latest data sourced from Urban Analytics' NHS Live database. As part of this update, the number of homes associated with actively-selling, sold-out, and contemplated multi-family projects are presented, by sub-market, by their estimated year of first occupancy. These dates of first occupancy reflect both direct estimates provided by NHS Live and derived estimates generated by rennie.

Data highlights

  • By the end of 2018, 17,169 multi-family homes are expected to be ready for occupancy, representing a 49% increase from 2017. when 11,549 homes completed. Currently. 14,244 multi-family homes are under construction and expected to compete in 2019.
  • Of the home completed between 2018 and 2022, 91% are sold. 

What this means for you
While there are certainly options to buy pre-sale, multi-family homes for those looking to move in before 2022, new supply is needed in the medium-term to accommodate continued growth and change in the region's population.

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