Memphis posted the highest multifamily rent growth in the U.S. during 2020, rising 3.8%. Vacancy rates were lower than the national average, as demand outpaced the addition of new supply. Investment activity remained high and cap rates fell to historical lows, as the local economy showed signs of recovery.

Multifamily rent growth in Memphis was the highest in the nation during 2020, driven by strong demand for workforce housing, as the area remained attractive to investors.

The Los Angeles multifamily market experienced softness in 2020, but a rebound in sales activity to end the year is a positive signal for the metro. Read the full report for more insights.

The single-family rental (SFR) real estate sector went into the pandemic atop a healthy wave of momentum. Since the onset of the pandemic, domestic migration patterns and shifts in housing demand have unilaterally added fuel to the SFR fire.

The Q4 2020 Single-Family Rental Investment Trends Report explores SFR market fundamentals and performance metrics and the outlook for 2021.

The U.S. multifamily market weathered the COVID-19 storm better than other commercial real estate sectors during 2020. Rent growth was slightly down, but renters kept up with payments, boosted by stimulus packages. Sales volume was also down, although property values showed an increase.