{"id":5688,"date":"2023-02-22T07:37:43","date_gmt":"2023-02-22T07:37:43","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=5688"},"modified":"2023-09-12T19:57:03","modified_gmt":"2023-09-12T19:57:03","slug":"multifamily-investors-favoring-sun-belt-metros","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/multifamily-investors-favoring-sun-belt-metros\/","title":{"rendered":"Multifamily Investors Favoring Sun Belt Metros, Yardi Matrix Reports"},"content":{"rendered":"

Financing hurdles, potential rent growth slowdown spark volatility as 2023 begins<\/em><\/p>\n

SANTA BARBARA, Calif., Feb. 22, 2023<\/strong> \u2013 U.S. multifamily market investors, who powered a near-record sales year in 2022 but face significant volatility this year, are gravitating toward Sun Belt markets with strong job and population growth, according to a new research bulletin<\/a> from Yardi\u00ae Matrix.<\/p>\n

Despite a sharp second-half slowdown, last year\u2019s $187 billion transaction volume was the second-highest annual total ever. In 2023, with higher financing costs, rising debt service payments and a slowdown in rent growth looming, \u201cthe flow of capital continues to trend toward the Sun Belt,\u201d which includes 2022 sales volume leaders Atlanta, Phoenix, Dallas, Houston, Miami and Orlando, Fla., the bulletin says.<\/p>\n

Each of these metros is in a state that has recorded above-trend population growth in recent years. The Southeast, Southwest and West regions accounted for $148 billion of sales in 2022, 79% of the total.<\/p>\n

Even as they ride out the current wave of market uncertainty, many investors still \u201cview multifamily as a safer place to park capital than other investment products or other commercial property classes such as office or retail,\u201d the bulletin reports.<\/p>\n

Get up to date on the state of multifamily investment including key volatility factors and a 2022 sales recap by region, market type and volume from the full Yardi Matrix bulletin<\/a>.<\/p>\n

Yardi Matrix offers the industry\u2019s most comprehensive market intelligence tool for investment professionals, equity investors, lenders and property managers who underwrite and manage investments in commercial real estate. Yardi Matrix covers multifamily, student housing, industrial, office and self storage property types. Email matrix@yardi.com<\/a>, call (480) 663-1149 or visit yardimatrix.com<\/a> to learn more.<\/p>\n

About Yardi<\/strong><\/p>\n

Yardi\u00ae develops industry-leading software for all types and sizes of real estate companies around the world. With over 8,000 employees, Yardi is working with our clients to drive significant innovation in the real estate industry. For more information on how Yardi is Energized for Tomorrow, visit yardi.com<\/a>.<\/p>\n\n\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Financing hurdles, potential rent growth slowdown spark volatility as 2023 begins SANTA BARBARA, Calif., Feb. 22, 2023 \u2013 U.S. multifamily market investors, who powered a near-record sales year in 2022 but face significant volatility this year, are gravitating toward Sun Belt markets with strong job and population growth, according to a new research bulletin from […]<\/p>\n","protected":false},"author":753,"featured_media":5689,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[28,29],"tags":[475],"class_list":["post-5688","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-press-releases","tag-multifamily-outlook-2023"],"yoast_head":"\nMultifamily Investors Favoring Sun Belt Metros, Yardi Matrix Reports - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Financing hurdles, 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