2021 has seen a robust rebound for the multifamily industry, to say the least. In the third quarter, apartment demand slowed some, but remained considerably higher than is typical for that portion of the calendar. Rent growth, already at a level not seen in decades, quickened its climb. In this installment of the Top 5 series, we reflect the markets which led the quarter in rent growth as well as those from among only the largest markets.
For more detailed information on each of the market listed, ALN offers complimentary Market Review reports.
Top 5 Markets
| Market | Quarterly Change (%) |
|---|---|
| Tampa, FL | 11.3% |
| Myrtle Beach, SC | 10.3% |
| Austin, TX | 9.8% |
| Orlando, FL | 9.5% |
| Palm Beach | 9.4% |
Top 5 Markets – ALN Tier One Markets
| Market | Quarterly Change (%) |
|---|---|
| Tampa | 11.3% |
| Austin | 9.8% |
| Orlando | 9.5% |
| Phoenix | 9.2% |
| Las Vegas | 8.9% |
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