Multifamily

Local Knowledge, Global Perspective

NAI Martens provides a broad array of specialized services to multifamily owners, developers and investors, across the markets we serve. Our team of professionals has extensive experience understanding the specific needs of institutions, entrepreneurial owners, private equity investors and REITs.

Clients can depend on our proven, consistent approach along with our solid-built relationships with the most active buyers, sellers and operators in the multifamily sector. Our local market insight and experience is essential to our clients’ success and bring a supply of unparalleled resources that exceed all of our clients’ expectations.

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Research Reports

Multifamily Research Reports

2024 Multifamily Market Update

Multifamily has proven historically to be among the most solid of investments. The 2024 figures show that the Wichita market has remained strong and stable.

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Multifamily Research Reports

2023 Multifamily Market Update

New development in the Wichita MSA decreased from 2020 through 2022 with under 1,000 unites completed during this three-year period due to COVID-19, followed by pricing increases on construction materials and labor shortages.

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Multifamily Research Reports

2022 Multifamily Market Update

New development in the Wichita market was steady from 2013 to 2019, adding approximately 650 units to the market each year. However, development experienced a sharp decline from 2020 through 2022 with under 1,000 units completed during this three-year timeframe.

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Multifamily Research Reports

2021 Multifamily Year-End Report

Multifamily investments in the Wichita MSA stayed strong through the end of 2020 and throughout 2021. The total value of transactions in the market hit a record level in 2020, and the 2021 surpassed it.

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Multifamily Research Reports

Q3 2021 Multifamily Update

New development in the Wichita market was steady from 2013 to 2019, adding approximately 650 units to the market each year. However, development experienced a sharp decline in 2020 with just over 300 units completed.

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Multifamily Research Reports

2020 Multifamily Year-End Report

COVID-19 has affected every aspect of life and business in 2020. This holds true for commercial real estate and the multifamily market accross the country. According to the US Census Bureau, nationally 27% of renters reported struggling to pay rent–in Kansas the figure was 25%.

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Multifamily Research Reports

2020 Duplex Report

An increasing number of households are renting duplexes as the property type continues to appeal to a variety of age range demographics. Empty-nesters often require less living space than they once did and no longer want the maintenance that comes with home ownership.

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Multifamily Research Reports

Q2 2020 Multifamily Market Update

The Wichita multifamily market remains strong after a year of negligible fluctuations in rents, occupancy rates and new units built in market, though owners and developers are cautious given the unexpected shock of global pandemic.

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Multifamily Research Reports

Q3 2019 Multifamily Market Update

The past few years of Wichita has seen numerous new complexes enter the market through redevelopment of older structures. More than 1,000 proposed units are on the drawing board across Wichita. From 2014 to 2016 an average of 650 units were added per year with a spike in 2017 as over 800 units were added.

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