Top Markets, Small and Large, Under the Radar for Multifamily Development

Recent data from Meyers Research points to lesser-known hot spots for multifamily.

Seeking the brightest heat lamps for real estate action typically conjures a list of the usual suspects—Dallas, San Francisco, Seattle, and Washington, D.C. But experts are now looking at numbers from what used to be considered secondary markets and finding a new outer ring of boomtowns.

Kimberly Byrum, a managing principal specializing in multifamily with residential market data firm Meyers Research—owned by MFE’s parent company—recently revealed her list of the top under-the-radar markets for development—ranging from small to large cities across the nation.

Byrum analyzed lease trade-out data, excluded California markets, considered total rent payments, examined inventory levels including what’s already in the pipeline, and parsed demographic data. Here are the markets that rose to the top.

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