A lot of the usual suspects when it comes to multifamily markets have moved pretty far into their cycles and if your home area is like ours ti’s getting pretty fully priced. With our value investor mindset that means we’re looking for the next markets to do well over the coming 10-20 years. As apartment building investors we say:
Fortunately two different sources provided data and maps to answer Jerry’s demand. The first is from the NAHB (the National Association of Home Builders) in an Eye On Housing piece called Uneven Aging. The report actually has two maps, the first showing the 2000 to 2010 growth in the Continue reading Skate to where the apartment building investment puck is going: Top US markets for future population and job growth.
In an update to our earlier update on top markets, Axiometrics has put out a report on the top 5 apartment building investment markets for rent growth by asset class.
San Francisco is rocking in class A and B, and in class C it’s….. San Francisco! Interestingly A and C properties there are showing rent growth of almost twenty percent while class B is just under ten percent. Any thoughts on why A and C are double the class B rent growth in SF? Note that 9.3% in class B still leads the US- Continue reading Top 5 Apartmentment Building Investment Markets for Rent Growth, by Asset Class.
Coming soon to these big MSAs, lots of new apartments:
- New York-Northern New Jersey-Long Island
- Dallas-Fort Worth-Arlington
- Washington, D.C.-Arlington, Alexandria
- Los Angeles, Long Beach-Santa Ana
- Houston-Sugar Land-Baytown
- Austin-Round Rock-San Marcos
- San Francisco-Oakland-Fremont
- Miami-Fort Lauderdale-Pompano Beach
For details see: MFE Mag online
Will they be able to fill them all? How will older properties in these markets fare? Let us know what you’re seeing-