From California to Maui, the frequency and scope of wildfire events are rising, causing insurance markets and public agencies to reevaluate property in areas at risk for catastrophic damage. As a result, rental housing providers are seeing greater limitations to coverage, higher premium prices, and, in some cases, a total absence of viable private insurance — a trend detailed in the NMHC 2023 State of Multifamily Risk Survey and Report. This troubling new trend has placed many rental housing operators in a bind where they must simultaneously contend with the declining availability and affordability of insurance options.
Top 50 U.S. Metros for Large Multifamily Investment Revealed
In an otherwise uneven economic environment, multifamily real estate and other investment classes adept at absorbing inflationary pressures have outperformed the rest. Within the surging multifamily sector, certain markets shined brightly this year. The 2022 Arbor Realty Trust Large Multifamily Opportunity Matrix highlights the top 50 U.S. metros for investment.
- Robust population growth and a relatively low level of new development make San Antonio the top target for multifamily investment.
- Orlando stands out as the nation’s leading WFH importer, boasting a high share of new remote workers, many of them recent arrivals.
- Las Vegas, previously the third-ranked market, remains near the top of the matrix largely due to its success in attracting remote workers.
Complete the form to instantly access the full report!