Orlando, Las Vegas top multifamily markets

There is a recovery showing in the multifamily sector. Some of the metros in the category feature less robust employment and household-creation trends, according to Marcus & Millichap in its 2022 U.S Multifamily Investment Forecast Report. Others, such as New York City, are still recovering after weathering significant impacts to operations early in the health crisis.

Orlando and Las Vegas claim the top spots by surpassing all other ranked metros in these two categories, in turn fostering outsized jumps in effective rent, according to the firm’s 2022 National Multifamily Index.

Larger markets have more ground to make up, falling lower on the Index. The Bay Area metros of San Francisco (No. 25) and San Jose (No. 26) lay in the middle of the index, as the region continues to recover from