It's not just residents moving to the suburbs in 2020. Multifamily deal flow is also shifting out of urban areas.

A new report from Yardi Matrix notes that multifamily activity has fallen sharply in 2020—but that the impact has been uneven across metros, regions and property types. 

Namely, investors are moving from urban cores to inner-ring suburbs, from primary to secondary metros and from secondary to tertiary metros. "This phenomenon results from several factors, including owners putting fewer properties on the market, disagreement between buyers and sellers about prices, the composition of buyers, and the competition for assets," according to Yardi.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Leslie Shaver

Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to and Real Estate Forum.