Cities across the Sunbelt and Mountain West are experiencing the strongest tailwinds in the multifamily sector, as fewer job losses and fast-growing populations drive demand for quality rental products.
A new report summarizing the multifamily investment forecast from Marcus & Millichap cites Atlanta, Austin, Charlotte, Dallas-Fort Worth, Denver, Nashville, Phoenix, Raleigh, and Salt Lake City as the top markets benefiting from what it calls "in-migration momentum."
Similarly, cities showing "demographic tailwind" rank a notch behind the first group, but nonetheless show strong growth. They include Houston, Indianapolis, San Antonio, Seattle-Tacoma, Tampa-St. Petersburg, and Riverside-San Bernardino and Sacramento, two California inland metros drawing residents away from pricier coastal areas.
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