u.s. secondary markets see record multifamily investment

AustinDenverPhœ nix

Portland

Tampa

Second to none :Secondary markets see record multifamily investmentLed by the West, secondary markets saw a 16-year high in multifamily investment during 2016. A combination of strong job and population growth, as well as above average household formations made markets such as Austin, Denver, Phoenix, Portland and Tampa top targets for multifamily investment.

Average secondary market investment

growth versus national average

Total multifamily investment salesAustinTotal multifamily investment salesAustin 2016

Total multifamily investment sales 2016

2010-presentPopulation growth

2010-present Job growth

Average population growth versus

national average*

Average job growth versus

national average*

Total investment into secondary market multifamily product in 2016,8.2 percent increase over 2015.

8.2 4.3vs.

10.1 4.2vs.

16.5 11.1vs.

$52.7

United States

billion

$3.4billion

$6.5billion

$5.0billion

$2.7billion

$2.7billion

16.6%

10.7%

9.1%

7.3%

6.9%

4.2%

23.8%

17.2%

14.8%

13.8%

14.1%

11.1%

us.jll.com/research/multifamily

*Above averages are based on JLL data for Austin, Denver, Phoenix, Portland and Tampa from 2010-2016.

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