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, apartment syndication, 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 real estate markets for 2020:
Business Insider
2019 Rank: 3
2019 to 2020 Change: -7
Opendoor
2019 Rank: 11
2019 to 2020 Change: +2
The Boston Globe
2019 Rank: 8
2019 to 2020 Change: 0
Pioneer Press
2019 Rank: 1
2019 to 2020 Change: -6
TripSavvy
2019 Rank: 13
2019 to 2020 Change: +7
Parade
2019 Rank: 12
2019 to 2020 Change: +7
Flickr
2019 Rank: 7
2019 to 2020 Change: +3
Wikipedia
2019 Rank: 2
2019 to 2020 Change: -1
10Best
2019 Rank: 5
2019 to 2020 Change: +3
10best
2019 Rank: 6
2019 to 2020 Change: +5
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Disclaimer: The views and opinions expressed in this blog post are provided for informational purposes only, and should not be construed as an offer to buy or sell any securities or to make or consider any investment or course of action.
