Top 10 Forecasted Multifamily Markets for 2020

Each year, Marcus and Millichap releases their Multifamily North American Investment Forecast (you can download the full report here). Their annual report includes National Multifamily Index (NMI).

The NMI is based on forward-looking economic indicators and supply-and-demand metrics, including projected job growth, vacancy, construction, housing affordability, rents, historical price appreciation and cap rate trends. These are the same economic and supply and demand metrics we use to select our target investment markets.

Here are the top 10 forecasted multifamily markets for 2020:

10. New York City

Business Insider

2019 Rank: 3

2019 to 2020 Change: -7

9. Sacramento

Opendoor

2019 Rank: 11

2019 to 2020 Change: +2

8. Boston

The Boston Globe

2019 Rank: 8

2019 to 2020 Change: 0

7. Minneapolis-St. Paul

Pioneer Press

2019 Rank: 1

2019 to 2020 Change: -6

6. Phoenix

TripSavvy

2019 Rank: 13

2019 to 2020 Change: +7

5. Tampa-St. Petersburg

Parade

2019 Rank: 12

2019 to 2020 Change: +7

4. Riverside-San Bernardino

Flickr

2019 Rank: 7

2019 to 2020 Change: +3

3. San Diego

Wikipedia

2019 Rank: 2

2019 to 2020 Change: -1

2. Seattle-Tacoma

10Best

2019 Rank: 5

2019 to 2020 Change: +3

1. Orlando

10best

2019 Rank: 6

2019 to 2020 Change: +5

 

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Joe Fairless