Multifamily Absorption Surges in Key Metro Areas
Demand offsets the supply of newly available multifamily properties
“Despite an overall excess in multifamily supply, certain U.S. metro areas are experiencing a notable demand surge.” Of the handful of metro areas outperforming others significantly, the “Dallas-Plano-Irving, Texas” market is #1.
Our Take
We’ve done our best to document the “demographic shifts and business relocations from northern and eastern U.S. regions to the south and west” in previous blog posts. The reason "multifamily demand" is balancing out the increase in supply is straightforward: more jobs mean more people are relocating to DFW.
As we've mentioned before, private real estate equity offers diversification during times of economic volatility. We invite you to schedule a consultation so we can discuss further!
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Source: CRE Daily, July 30, 2024