π Top 10 Markets for Multifamily Deliveries: 2024β2028 π
Exciting times ahead for the U.S. multifamily market! Over the next four years, weβre expecting the completion of 2 million multifamily units, with Sun Belt cities leading the charge. π
In the first half of 2024 alone, top-performing cities delivered an impressive 85,055 units, marking a 32.8% year-over-year increase. Hereβs a quick snapshot of the leaders:
π Dallas-Fort Worth: 12,830 units
π Phoenix: 10,048 units
π Houston: 9,258 units
π Atlanta: 7,611 units
Notably, Houston saw the biggest surge with a 99.5% increase, while Miami experienced a 12.8% decline. Other cities like Denver and Seattle also showed significant growth.
These trends highlight the dynamic nature of the multifamily market and the opportunities it presents for investors, developers, and stakeholders.
Letβs connect and discuss how these trends might impact your strategies and investments. Your thoughts and insights are welcome!
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