Trades in Secondary and Tertiary Markets Account for More than 60% of Deal Flow – July, 2021
Marcus and Millichap reports on Buyers drawn to emerging midsize markets. Buyers are following renters to apartments in less densely populated metros. Trades in secondary/tertiary markets accounted for more than 60 percent of deal flow for the first time on record, after primary metros had comprised roughly that same share just 15 years ago. Midsize metros that recorded notable hikes in activity over the past year include Phoenix, Charlotte, Denver, Minneapolis-St. Paul and Tampa-St. Petersburg. Marcus and Millichap’s full report link is below (M&M, 2021).
Related UC Funds Link: Financial Products for Multifamily