It's not just residents moving to the suburbs in 2020. Multifamily deal flow is also shifting out of urban areas.
A new report from Yardi Matrix notes that multifamily activity has fallen sharply in 2020—but that the impact has been uneven across metros, regions and property types.
Namely, investors are moving from urban cores to inner-ring suburbs, from primary to secondary metros and from secondary to tertiary metros. "This phenomenon results from several factors, including owners putting fewer properties on the market, disagreement between buyers and sellers about prices, the composition of buyers, and the competition for assets," according to Yardi.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
