Central Texas Multifamily Market Updates

3Q21

Investor confidence in the multifamily sector remained strong as activity continued to pick up in the third quarter. Nationally, investment allocation to multifamily compared with the overall U.S. commercial real estate market rose to an all-time high of 36.6% in the first half of 2021. Sunbelt markets continue to drive the highest demand and garner the most attention from multifamily investors. Rent growth in these markets has continued to outperform the national average, seeing year-over-year rent increases about 15%. Despite elevated supply, five-year forecasts show the market balancing as demand is likely to remain strong due to strong economic drivers, namely continued job and population growth.

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