Multifamily

But the region still claims the top spot for rent per square foot

It sees significant opportunities in this category.

Lack of inventory, record prices, falling pressure on rent growth makes owning more expensive.

A higher price-to-rent ratio favors renting over owning.

After declining for the last four months of 2023, rent growth has a pulse.

With single-family rents increasing and home deliveries at pre-pandemic levels, developers are in prime position.

It's at the highest level since July 2023.

Job growth doesn't guarantee that multifamily development keeps in sync.