This week’s roundup offers insights on the metros with the happiest renters, third-quarter 2019 multifamily investment trends and cities that experienced strong prime leasing seasons this year. First, Point2 Homes ranked the 150 largest U.S. metros to determine the most dynamic cities, based on factors such as education and training, business opportunities and technological advances. Next, Zumper takes a look at where renters seem the happiest according to results from their 2019 renter report, with Miami topping the list. Arbor’s Chatter blog releases the Q3 2019 Small Multifamily Investment Trends Report, which analyzes the sector’s performance during the first nine months of the year by looking at various performance metrics, including cap rates and pricing. Then, RealPage observes that several metros posted all-time high apartment demand during 2019’s prime leasing season, with 281,800 total units absorbed. Finally, Trepp spotlights Phoenix, the fastest-growing city in the U.S. from 2017 to 2018, noting that the city’s strong fundamentals mean it is well positioned to expand its commercial real estate market in the coming years.
America’s Most Dynamic Urban Centers [150 U.S. Cities Ranked]
Point2 Homes – November 4
“As industrialization is slowly being pushed aside, making room for more tech-focused, entrepreneurial cultures, progress is measured in education and research investments, advances in technology, and overall productivity and well-being levels.”
Where The Happiest Renters Live
Zumper – November 6
“We looked at things like apartment satisfaction, plans to move, hometown pride, and even owning a pet and ranked the cities based on those responses.”
Q3 2019 Small Multifamily Investment Trends Report
Arbor Chatter – November 5
“Small multifamily lending volume jumped to $57.8 billion on an annualized basis, the highest level of activity in Chandan Economics’ post-crisis model estimates.”
Several Markets See Best-Ever Prime Leasing Season in 2019
RealPage – November 5
“Dallas was the nation’s leader in apartment demand during 2019’s 2nd and 3rd quarters, with more than 16,500 units absorbed.”
MSA Snapshot: CRE Action in the Valley of the Sun
Trepp – November 6
“According to the 2018 U.S. census, Phoenix – the fifth most populous city in the U.S. – was also the fastest growing city, with an increase of 25,888 new residents between 2017 and 2018.”
