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

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

11. Sacramento

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

10. Portland

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

9. Oakland

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

8. Boston

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

7. Riverside-San Bernardino

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

6. Orlando

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

5. Seattle-Tacoma

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

4. Los Angeles

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

3. New York City

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

2. San Diego

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

1. Minneapolis-St. Paul

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

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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.