Accelerating household formation, underpinned by the tight U.S. labor market, will continue to support apartment rental demand in 2019, predicts Marcus & Millichap in its 2019 Multifamily Investment Forecast Report. The report points out evolving recruiting practices and shifting demographics will favor a variety of metros, including several smaller cities.
In addition, tax reform and subdued single-family home sales will restrain the national vacancy rate, despite record apartment construction levels. The coming year offers a dynamic climate for investors, according to the Marcus & Millichap report.
Key report findings include: