The U.S. multifamily market continued to settle into a normalized cycle, despite ongoing uncertainties surrounding the global economy and labor market. There is a rising tide of optimism for the sector ahead and investors are continuing to take advantage of market opportunities.
In a rapidly evolving economic environment, the top markets for multifamily investment tend to shift quickly. In this video, Dr. Sam Chandan, founding director of the C.H. Chen Institute for Global Real Estate Finance at the NYU Stern School of Business and founder of Chandan Economics, discusses the findings of Arbor’s Top Markets for Multifamily Investment Report Spring 2025, which was developed in partnership with Chandan Economics.
Inspired to advance Arbor’s more than 30-year legacy of tree plantings, our Long Island and Buffalo teams recently planted saplings, adding to the over 20,400 trees planted and pledged throughout our company’s history.
Population growth, a critical factor in assessing rental housing demand, increased 0.9% in the U.S. during 2024, the fastest annual rate since 2008. However, growth rates were much higher for many markets, especially those in Texas, Florida, and the Carolinas. As first explored in Arbor’s Top Markets for Multifamily Investment Report Spring 2025, we dive deeper into metro-level population growth in markets with at least 500,000 residents to find the nation’s top markets for rental housing demand growth.
Arbor’s platform of diverse multifamily financing solutions, combined with our strong industry relationships and our commitment to accuracy and close collaboration with our government-sponsored enterprise (GSE) partners, drives us to the top of the multifamily lender rankings year after year. Through decades-long relationships with Fannie Mae, Freddie Mac, and FHA, our best-in-class team delivered results for our borrowers in 2024, propelling Arbor to the top of the partner rankings.
Today’s renters are in it for the long haul. The Federal Reserve Bank of New York’s recently released 2025 SCE Housing Survey shows that the average renter thinks there is a two-in-three chance they will rent for the foreseeable future. With home prices and interest rates unfavorable to would-be homebuyers, we explore renters’ perceptions and how they could impact future rental housing demand.
Arbor’s Top Markets for Multifamily Investment Report Spring 2025, developed in partnership with Chandan Economics, is your roadmap to the best locations to deploy capital. Based on the findings of our exclusive Multifamily Opportunity Matrix, this in-depth analysis assesses economic strength and market capabilities to navigate evolving conditions of the top 50 largest U.S. metros.
Arbor’s data-driven articles and research reports empower multifamily and single-family rental investors and developers to make more profitable financial decisions.
Mr. York joined Arbor in 2005 and quickly became Arbor’s Top Producer year after year. He serves a client base that includes some of the largest multifamily owners, investors, and brokerage firms in the nation. In 2015, he was named one of Commercial Observer’s “Top 25 Debt Brokers and Lenders Under 35.” Since 2020, Mr. York has cemented himself as Arbor’s Top Producer and has closed over $11 Billion in transactions over the past four years alone. Stephen specializes in bespoke debt and equity financing solutions, with a primary focus on Fannie Mae, Freddie Mac, FHA, Bridge, CMBS, and other special-situation financing products.
Mr. York joined Arbor in 2005 and quickly became Arbor’s Top Producer year after year. He serves a client base that includes some of the largest multifamily owners, investors, and brokerage firms in the nation. In 2015, he was named one of Commercial Observer’s “Top 25 Debt Brokers and Lenders Under 35.” Since 2020, Mr. York has cemented himself as Arbor’s Top Producer and has closed over $11 Billion in transactions over the past four years alone. Stephen specializes in bespoke debt and equity financing solutions, with a primary focus on Fannie Mae, Freddie Mac, FHA, Bridge, CMBS, and other special-situation financing products.
Brooklyn, NY | FNMA | $33M
Pfugerville, TX | FNMA | $38M
West Palm Beach, FL | Freddie Mac | $33M
Kissimmee, FL | Freddie Mac | $46M
Tampa, FL | Freddie Mac | $61M
Brooklyn, NY | Arbor Private Investment Preferred Equity Bridge | $53M
San Antonio, TX | Bridge | $61M
Suitland, MD | Bridge | $152M
San Antonio, TX | Bridge | $27M
Rolling Meadows, IL | Bridge | $102M
Farmington Hills, MI | Bridge | $104M
Richmond, VA | Bridge | $119M
Brooklyn, NY | Freddie Mac SBL | $5M
New Britain, CT | Fannie Mae Small Loan | $7M
