For Multifamily Investors, Sun Appears To Be Setting on Sun Belt Markets

By bhhsbowen February 7, 2023 CoStar News 0 comments

Sunbelt markets with the lowest multifamily capitalization rates, including Phoenix, shown here, as well as Jacksonville, Florida and Raleigh, North Carolina, have some of the lowest expected rent growth as a large number of new units hits at the same time renter demand is waning. (iStock)
Sun Belt’s Share of Multifamily Sales Decreased Last Year for the First Time Since 2015