Metros

Multifamily investors continue to focus on suburban Class B and Class C assets, with acquisition yields hitting double digits.

With 7,400 multifamily units underway, the metro’s 2018 deliveries are likely to exceed last year’s and moderate rent growth, as well.

Demand for apartments is rising in America’s Finest City, where employment and population gains, along with a high barrier to homeownership, sustain rent growth.

A tax-friendly environment and a high quality of life continue to attract new residents and businesses to the metro, maintaining multifamily rent growth above the U.S. average.

Favorable demographic and employment trends sustain strong multifamily demand across the metro, where rent growth continues to outperform the national average.

The industrial sector continues to drive development in the area, bolstering demand for multifamily properties.

Solid job gains draw a consistent number of young professionals looking for well-positioned rental units in the metro.

Development activity is at a high point in the metro, with more than 2,300 apartments scheduled to come online by year's end.

With rents bouncing back to a 4.1 percent year-over-year growth rate as of August, the metro’s multifamily market is in the midst of a resurgence.

Austin is one of the fastest growing cities in the country, thanks to its low cost of living, top-notch talent, diverse and growing population and high quality of life.

The metro’s growing multifamily market is backed by strong population gains and steady economic expansion.

Despite a surge in multifamily deliveries, occupancy in the metro’s stabilized assets has risen this year to 95.3 percent on average.