Last quarter the news about multifamily was eye-popping but ultimately not a surprise. The popular asset class had led all property sectors with $57 billion in volume, up 42% from the same period the previous year, according to CBRE data. When considering only single-asset investments, multifamily led again, this time with $47 billion for the quarter. Almost all cities received a healthy share of multifamily investment, but it is telling to see which cities are growing the fastest. To that end, CBRE and Real Capital Analytics ranked the top ten cities by their highest percentage growth relative to the prior trailing four-quarter period by volume. Following are these cities.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
