RENTCafe researchers found that suburbs have a “newfound appeal” for renters primarily in the sun belt. Suburban apartments typically offer larger units, lower density, and lower rents than in the city center. Recent Yardi Matrix data for apartment buildings of 50+ units, show that the markets best equipped to meet this new demand are those where the multifamily supply has already been expanding, with a spike in population growth—and thus new housing starts—over the past five years. Twelve out of the top 20 are located within 20 miles of an urban center. At EM Capital, we continue to explore opportunities in suburban settings boarding urban centers across the country.
