Counting Cranes: 5 of the Most Active Construction Markets

By: Admin ON October 4, 2016

Demand for rental housing has had multifamily construction booming since 2010, with several cities in particular enjoying the renaissance. A look at five such metros and their submarkets reveals some common ingredients—and differences—behind their success. By: Brian Croce, Kayla Devon  A strong employment sector: Check. Solid rent growth: Check. Cultural hubs that have multigenerational appeal: Check. Metro areas that can check those boxes have been gold mines for landlords since the economy crawled out of the Great Recession. Nationally, rent growth eclipsed 4% for the seventh consecutive quarter in the first quarter of 2016, ­according to Dallas-based Axiometrics, as occupancy …

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