While apartment demand experienced turbulent highs and lows in 2022 and 2023, a select few markets emerged as beacons of stability. Unveiling the secrets of their success provides valuable insights for savvy investors seeking resilient locations.
Monthly Archives: February 2024
Recent trends in Commercial Real Estate (CRE) present challenges as the industry navigates uncertainties. The fourth quarter of 2023, typically robust for CRE investment, recorded a significant downturn, with transactions totaling $89.5 billion – marking the lowest point of the year, and a year-over-year decline of -41%. Major metros experienced a 37% slide, while non-major
U.S. apartment demand in the fourth quarter of 2023 displayed strength, with some markets surpassing pre-COVID norms. Most notably, Sun Belt cities, experiencing robust population growth and job market performances, outperformed long-term demand averages. Phoenix stood out as a top performer, absorbing nearly 4,300 units in Q4 2023, a significant increase from the 2010-2019 average
However, it gets more interesting when you dig into the city data (U.S. Growth Cities of 2022: Ocala Tops List as Families Flock to Florida | U-Haul (uhaul.com)). While Ocala, Florida, takes the top spot, Sacramento, California takes second place for most moves on the growth city list. In fact, a Texas city doesn’t hit