Listicles

The metro added more than 7,600 units to its inventory during the 12 months ending in March, with mixed-use communities with retail components leading the way, according to Yardi Matrix.

The metro region’s multifamily owners are focused on investing in the capital city itself, though that may change.

Demand for new residential units in the Pacific Northwest was very strong during the last 12 months, bolstering development especially in the high-end segment.

As tech firms continue to grab more space, developers responded with a nearly unparalleled 5 million square feet of office deliveries over the past 12 months.

Despite an overall decline in transaction volume across the market, Yardi Matrix data shows several deals upwards of $100 million closed in the past 12 months.

Detroit is attracting investors with its low entry costs and high yields. Nearly $1.6 billion in multifamily loans were originated in 2018, a 22 percent year-over-year increase.

Alongside a banner year for multifamily transactions across the metro, with close to 10,000 units changing hands, lenders have kept pace, originating more than $1 billion in acquisition financing.

According to Yardi Matrix, almost $720.4 million in financing reached maturity last year, making way for recapitalization opportunities worth keeping a close eye on this year.

Ten buyers were responsible for more than half of the $2.2 billion in office transactions that closed across the metro last year.

Office properties sold in the metro area totaled $1.3 billion in 2018, a hefty increase from the $1 billion posted the year prior. 

More than 3.3 million square feet of office space changed hands in the metro area in 2018 through November for a sales volume that slightly surpassed $670 million.

The metro continues to record accelerated economic growth, reflected by rising apartment rates, strong housing demand and an enduring boom in construction activity.