July 22, 2019
Joe Fairless
6 MIN TO READ

12 Markets with Best Supply-and-Demand Metrics in 2019

Each year, Marcus and Millichap releases their Multifamily North American Investment Forecast. The highlight of this report is the US Multifamily Index (NMI), which ranks 46 major markets on a collection of 12-month, forward-looking economic indicators and supply and demand variables, including job growth, vacancy, construction, housing affordability, and rents. The purpose of the NMI is to show relative supply-and-demand conditions at the market level.

One of the most important factors when selecting a target investment market is supply and demand, because they indicate the ability to find a deal, the cost associated with buying the deal, and the occupancy and rent levels that are achievable once the deal is acquired.

Click here to download Marcus and Millichap’s full report to see how all 46 markets were ranked.

Here are the 12 markets with the best supply and demand metrics in 2019:

12. Tampa-St. Petersburg

Tampa-St. Petersburg

  • 2018 Rank: 21
  • '18 to ’19 Change: +9

11. Sacramento

  • 2018 Rank: 8
  • '18 to ’19 Change: -3

10. Portland

Portland

  • 2018 Rank: 5
  • '18 to ’19 Change: -5

9. Oakland

Oakland

  • 2018 Rank: 10
  • '18 to ’19 Change: +1

8. Boston

Boston

  • 2018 Rank: 6
  • '18 to ’19 Change: -2 

7. Riverside-San Bernardino

real estate investing tips

  • 2018 Rank: 9
  • '18 to ’19 Change: +2

6. Orlando

Orlando

  • 2018 Rank: 17
  • '18 to ’19 Change: +11

5. Seattle-Tacoma

Seattle-Tacoma

  • 2018 Rank: 1
  • '18 to ’19 Change: -4

4. Los Angeles

Los Angeles

  • 2018 Rank: 2
  • '18 to ’19 Change: -2

3. New York City

New York City

  • 2018 Rank: 7
  • '18 to ’19 Change: +4

2. San Diego

San Diego

  • 2018 Rank: 4
  • '18 to ’19 Change: +2

1. Minneapolis-St. Paul

Minneapolis-St. Paul

  • 2018 Rank: 3
  • '18 to ’19 Change: +2

Are you an accredited investor who is interested in learning more about passively investing in apartment communities? Click here for the only comprehensive resource for passive apartment investors.

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.

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