Multifamily continues to be in tremendous demand, and it’s no secret that asking rent rates have risen to historical levels in the last year. In January, the national average asking rent rate hit a peak of a year-over-year increase of 17.8%, but has since begun to cool off and trend downward to 15.3% for the month of May. This is a good indicator there is not an impending “housing bubble” as some have feared. Not only is multifamily investing a great hedge against inflation, but it will likely continue to be a very strong investment vehicle for consistent cash flow and return on investments.
When it comes to identifying thriving markets, there is no crystal ball or methodology to ensure a guaranteed “winner”. However, there are fundamental principles and common-sense data to evaluate, which includes supply vs demand, employment rates, job growth, cost of living, and more. Which markets, for now, appear to have the most promising futures for investors in 2022? Let’s take a look…
#12: Portland, OR
- Forecasted Rent Growth for YE 2022: 7.6%
- Year-over-Year Rent Growth: 13.0%
- Year-over-Year Job Growth: 5.4%
- Average Rent (1BR): $1,680
#11: Atlanta, GA
- Forecasted Rent Growth for YE 2022: 7.6%
- Year-over-Year Rent Growth: 16.2%
- Year-over-Year Job Growth: 5.8%
- Average Rent (1BR): $1,812
#10: Sacramento, CA
- Forecasted Rent Growth for YE 2022: 7.7%
- Year-over-Year Rent Growth: 12.7%
- Year-over-Year Job Growth: 5.0%
- Average Rent (1BR): $1,792
#9: Phoenix, AZ
- Forecasted Rent Growth for YE 2022: 7.7%
- Year-over-Year Rent Growth: 20.7%
- Year-over-Year Job Growth: 4.7%
- Average Rent (1BR): $1,547
#8: San Francisco, CA
- Forecasted Rent Growth for YE 2022: 7.8%
- Year-over-Year Rent Growth: 8.8%
- Year-over-Year Job Growth: 6.3%
- Average Rent (1BR): $3,230
#7: Charlotte, NC
- Forecasted Rent Growth for YE 2022: 8.1%
- Year-over-Year Rent Growth: 17.3%
- Year-over-Year Job Growth: 3.4%
- Average Rent (1BR): $1,559
#6: Tampa, FL
- Forecasted Rent Growth for YE 2022: 8.1%
- Year-over-Year Rent Growth: 22.6%
- Year-over-Year Job Growth: 5.2%
- Average Rent (1BR): $1,834
#5: Austin, TX
- Forecasted Rent Growth for YE 2022: 8.3%
- Year-over-Year Rent Growth: 18.1%
- Year-over-Year Job Growth: 9.0%
- Average Rent (1BR): $1,735
#4: Las Vegas, NV
- Forecasted Rent Growth for YE 2022: 8.5%
- Year-over-Year Rent Growth: 22.1%
- Year-over-Year Job Growth: 12.6%
- Average Rent (1BR): $1,471
#3: Inland Empire, CA
- Forecasted Rent Growth for YE 2022: 9.1%
- Year-over-Year Rent Growth: 16.8%
- Year-over-Year Job Growth: 6.1%
- Average Rent (1BR): $1,630
#2: Orlando, FL
- Forecasted Rent Growth for YE 2022: 9.1%
- Year-over-Year Rent Growth: 24.1%
- Year-over-Year Job Growth: 8.6%
- Average Rent (1BR): $1,820
#1: Miami Metro, FL
- Forecasted Rent Growth for YE 2022: 9.9%
- Year-over-Year Rent Growth: 24.6%
- Year-over-Year Job Growth: 6.3%
- Average Rent (1BR): $2,132
About Ellie Perlman
At Blue Lake Capital, Ellie and her team work exclusively with family offices and accredited investors, offering carefully curated investment opportunities that emphasize long-term wealth creation, stability, and risk-adjusted returns. A defining aspect of Blue Lake’s investment strategy is its integration of advanced AI-driven analytics and data science into the entire lifecycle of acquisitions and asset management. By leveraging cutting-edge technology, the firm executes data-driven forecasting on market trends, asset performance, and tenant behavior, ensuring strategic decision-making and optimized returns.
In addition to leading Blue Lake Capital, Ellie is the original founder and host of "REady2Scale - Real Estate Investing" podcast, which provides insights into multifamily real estate, alternative investments, and finance.
Ellie began her career as a commercial real estate attorney, structuring and negotiating complex transactions for one of Israel’s leading development firms. She later transitioned into property management, overseeing over $100M in assets for Israel’s largest energy company.
Ellie holds a Master’s in Law from Bar-Ilan University in Israel and an MBA from MIT Sloan School of Management.
You can learn more about Blue Lake Capital and Ellie Perlman at www.bluelake-capital.com.
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