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Migration and Affordability Set to Revive Sunbelt Multifamily in 2025

 Migration and Affordability Set to Revive Sunbelt Multifamily in 2025

Easing rents in the Sunbelt could boost migration to the region, leading to positive net absorption and reduce vacancy in the multifamily markets there, according to Marcus & Millichap’s 2025 national investment forecast.

The report found two-thirds of the 21 major metros in the region had an average effective rent below the national median of $1,830 a month, yielding a useful cost-of-living advantage. “All but six are projected to register vacancy compression ranging from 10 to 50 basis points this year,” it noted.

Phoenix and Las Vegas are expected to lead the region in growth, followed by Dallas-Fort Worth, Houston, Orlando, Atlanta, Austin and Tampa-St. Petersburg.

Source: https://www.orionprop.com/topfive/migration-and-affordability-set-to-revive-sunbelt-multifamily-in-2025/

 

 

 

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