Login

Some Under-the-Radar Multifamily Markets Outperform on Rent Growth

Limited Supply Additions Combine With Consistent Demand in Overlooked Locations
This group of secondary markets have generated an average annual rent growth of 2.6%, significantly higher than the national average of 1%. Hartford, Connecticut, shown here, is leading the apartment rent growth in these secondary markets with a 4.5% average annual increase in rent. (Getty Images)
This group of secondary markets have generated an average annual rent growth of 2.6%, significantly higher than the national average of 1%. Hartford, Connecticut, shown here, is leading the apartment rent growth in these secondary markets with a 4.5% average annual increase in rent. (Getty Images)
CoStar Analytics
July 2, 2024 | 3:41 P.M.

The 50 largest multifamily markets in the U.S. account for 75% of the sector’s inventory of 19 million units, and they routinely attract the most attention from institutional investors. But rent growth in the next 20 biggest markets for total apartment inventory beyond the top 50 show an outperformance compared to the national average, a statistic that should merit greater notice from investors.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In