Northmarq's Market Insights

The Charlotte and Raleigh multifamily markets are both reporting unprecedented levels of activity, resulting from economic expansion and population growth. Both markets have experienced a tremendous rebound from the artificial pandemic performance in terms of investor demand, in-migration and rent growth. 

In this episode of the Market Insights podcast, David Vinson. Senior Vice President of Debt & Equity in Raleigh, and Austin Jackson, Associate Vice President of Investment Sales in Charlotte, discuss the factors driving the growth in the two North Carolina markets. 

The Dallas-Forth Worth Metroplex has led the U.S. in multifamily investment transactions for six consecutive years. However, 2021 even outperformed that feat, as the number of assets that sold and the dollar volume essentially doubled 2020 levels. There was a surge in large transactions, and pricing spiked 33 percent.

In this episode of the Market Insights podcast, Bobby Weinberg and Eric Stockley of Northmarq's Dallas office share how robust job growth and population expansion are attracting new capital allocators to the market. 

On this episode, Dave Martin, Managing Director of Investment Sales, and Dave Link, Managing Director of Debt and Equity discuss the factors driving Denver's record-setting multifamily market. 

Job growth, in-migration trends, and rising home prices, are just a few of the many drivers that 'went right' in 2021. Additionally, labor constraints, construction delays and materials/supplies challenges are pushing deals further out. 

The Phoenix multifamily market recorded its strongest year on record in 2021. Continued demand fueled rent growth that was as rapid as any major market in the country. Developers are moving projects through the construction pipeline to keep pace with demand growth, while investors are aggressively pursuing potential acquisitions.

San Antonio’s rebounding economic drivers, growing population, robust renter demand and impressive rent growth are making the market a top pick for multifamily investors. San Antonio’s booming target industries include the red-hot cybersecurity and information technology, life sciences and healthcare – key drivers for employment growth. Industrial and logistics, energy and banking also remain strong industries. 

San Antonio’s rebounding economic drivers, growing population, robust renter demand and impressive rent growth are making the market a top pick for multifamily investors. San Antonio’s booming target industries include the red-hot cybersecurity and information technology, life sciences and healthcare – key drivers for employment growth. Industrial and logistics, energy and banking also remain strong industries. 

The Phoenix multifamily market recorded its strongest year on record in 2021. Continued demand fueled rent growth that was as rapid as any major market in the country. Developers are moving projects through the construction pipeline to keep pace with demand growth, while investors are aggressively pursuing potential acquisitions.

As more people continue moving from the West Coast to the red-hot Phoenix market, investment capital is aggressively following, primarily in the bustling multifamily and single-family build-to-rent sectors.

Phoenix is also a hot spot for corporate relocations and company expansions including big tech. More technology companies are moving to Arizona, newly named the “Silicon Desert.” Due to this expansive job growth, demand for apartments in Phoenix is outpacing supply and driving unprecedented rents. This episode includes Debt & Equity Managing Director Brandon Harrington and Investment Sales Senior Vice President Jesse Hudson. View our full market reports at northmarq.com/news/