Taking into account factors such as employment, construction, vacancy rates, rents and investment, Marcus & Millichap constructs its annual National Multifamily Index as part of its 2019 Multifamily Investment Forecast.
The twin cities of Minneapolis-St. Paul climbed two spots to top the firm's index. It is the only Midwest market to break into the top 20, according to the firm. San Diego climbed into the second place spot, one of several California markets to sit near the top of the list. In addition Florida metros Orlando and Tampa-St. Petersburg posted the largest advances in this year’s index from last year's, jumping 11 and nine places, respectively.