Top 10 Metros Leading Multifamily Investments Year-to-Date

The third quarter wrapped up at the end of September, and the reports for multifamily investments have been released and are once again, very promising. Multifamily set a new quarterly absorption record of 251,500 units and overall vacancy rate fell by 1.2 percentage points quarter-over-quarter. The recession resistant success of multifamily has not gone unnoticed, as more and more investors look to invest in such a strong industry. Quarterly acquisition reached $242B, an increase from last quarter with certain markets receiving more attention than others.

Here are the 10 Metros Leading Multifamily Investments Year-to-Date:

10. Austin, TX

Investment Values: $5.16B

Percent of Total US Investments: 2.9%

Year-Over-Year Change: 145.7%

9. Washington, D.C.

Investment Values: $5.52B

Percent of Total US Investments: 3.1%

Year-Over-Year Change: 55.9%

8. Denver, CO

Investment Values: $5.67B

Percent of Total US Investments: 3.2%

Year-Over-Year Change: 99.9%

7.Miami/SO. FL, FL

Investment Values: $6.29B

Percent of Total US Investments: 3.5%

Year-Over-Year Change: 223.8%

6. Houston, TX

Investment Values: $7.83B

Percent of Total US Investments: 4.1%

Year-Over-Year Change: 223.8%

5. New York Metro, NY

Investment Values: $9.70B

Percent of Total US Investments: 5.4%

Year-Over-Year Change: 53.6%

4. Los Angeles/SoCal, CA

Investment Values: $10.08B

Percent of Total US Investments: 5.6%

Year-Over-Year Change: 108.2%

3. Phoenix, AZ

Investment Values: $10.27B

Percent of Total US Investments: 5.8%

Year-Over-Year Change: 224.1%

2. Atlanta, GA

Investment Values: $10.84B

Percent of Total US Investments: 6.1%

Year-Over-Year Change: 170.6%

1.Dallas/Ft. Worth, TX