Are we on the path back to the good old days of booming prosperity in real estate? Any step forward is a step in the right directimetrosgrowthon. Explore the top ten hottest metropolitan areas that are leading the surge in multifamily unit construction.
Washington, D.C. The population rose by about 10 percent from 2000-2012. While job growth is a contributor, reverse sprawl has suburbanites returning to the city. A blend of Baby Boomers and Millennials are taking up residence downtown. These new tenants are drawn to the conveniences of pedestrian-friendly living.
Dallas The city seems unstoppable. Dallas continues to be a leader in population growth, now estimated to grow at 345 people per day or nearly one person every four minutes. Jones Lang LaSalle suggests that the Dallas-Fort Worth population will reach 9 million people in the next 16 years. Job growth in the financial services sector attracts talent to the city.
Read more...Top Multifamily Metros | The Balance Sheet - Yardi Corporate Blog
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