Market Intel

Intel

Apartment REITs Deepen Bets on Mid-Tier Cities

The migration of thousands of apartment dwellers from New York, Los Angeles and other major cities to cheaper alternatives in the suburbs or lower-cost areas like Denver and Phoenix during the pandemic is spurring major multifamily developers and investors to follow the renters. Executives at some of the nation’s largest

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Intel

SFR Rent Growth Is Climbing

If 2020 was indeed the year of leaving the city for more space in the suburbs and exurbs, it shouldn’t be a surprise that single-family rent growth surged at the year. In December, US single-family rent growth increased 3.8% year-over-year. That was an improvement over the 1.4% reported in June

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Intel

Look Which Cities Lead in the Race for Build-To-Rent

Boise leads the way for the nation’s top build-to-rent markets, new research from CrowdStreet reveals.  Investors are increasingly bullish on BTR communities, which are benefiting from a vast influx of tenants migrating away from pricey coastal and urban centers in favor of more affordable secondary markets. Millennials are key drivers

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Intel

Phoenix No. 1 in nation for growth in home values and rent

The Phoenix residential real estate market is booming, recording the highest annual growth in both home values (17.1%) and typical rent (8.4%) among the nation’s largest metros, according to Zillow’s latest market report. Extreme demand driven by exceptionally low mortgage rates, demographic pressures and pandemic trends kept the housing market boiling

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Intel

10 Smaller Markets That are Ripe for Multifamily Acquisitions

Raleigh-Durham leads the way as the nation’s top market for multifamily acquisitions, according to a new report from CrowdStreet. There are, in fact, a number of smaller-sized cities that are ripe for apartment acquisitions, the report finds, as renters have moved en masse to these markets, abandoning pricey urban centers

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Intel

Phoenix metro cracks top 10 in elite ranking of U.S. cities

Phoenix is among the top cities best poised for economic recovery in 2021, according to Milken Institute’s Best-Performing Cities report. Phoenix ranked seventh among large cities, up five places from its rank last year. Provo, Utah came in at No. 1 for large cities in the 2021 report, which ranks

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Intel

Phoenix ranks No. 6 among hottest multifamily markets

New research shows that Phoenix is the sixth hottest U.S. market for multifamily sales over the last decade. Over the past decade, the price-per-unit (PPU) for multifamily properties surged 156%, reaching nearly $160,000. This increase surpassed both median home sale prices and rental rates. The latest CommercialSearch study compared and ranked the

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Intel

Top 5 Phoenix Submarkets for Construction Activity

As many companies transitioned to remote work, Phoenix has seen a significant in-migration from residents leaving overpriced metros in California, in search of more affordable alternatives. At the same time, local officials have worked to create a business-friendly environment that has attracted attention from big employers such as Google, Amazon

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Intel

Most Multifamily Investors Are Targeting Smaller Metros Now

Investors are following the recent renter migration patterns, with 75.8% of multifamily investment happening outside of major metros last year, according to new research from Newmark. This is the highest investment allocation outside of big cities on record. While the pandemic certainly encouraged renters to migrate to new markets, it

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