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AustinDenverPhœ nix
Portland
Tampa
Second to none :Secondary markets see record multifamily investmentLed by the West, secondary markets saw a 16-year high in multifamily investment during 2016. A combination of strong job and population growth, as well as above average household formations made markets such as Austin, Denver, Phoenix, Portland and Tampa top targets for multifamily investment.
Average secondary market investment
growth versus national average
Total multifamily investment salesAustinTotal multifamily investment salesAustin 2016
Total multifamily investment sales 2016
2010-presentPopulation growth
2010-present Job growth
Average population growth versus
national average*
Average job growth versus
national average*
Total investment into secondary market multifamily product in 2016,8.2 percent increase over 2015.
8.2 4.3vs.
10.1 4.2vs.
16.5 11.1vs.
$52.7
United States
billion
$3.4billion
$6.5billion
$5.0billion
$2.7billion
$2.7billion
16.6%
10.7%
9.1%
7.3%
6.9%
4.2%
23.8%
17.2%
14.8%
13.8%
14.1%
11.1%
us.jll.com/research/multifamily
*Above averages are based on JLL data for Austin, Denver, Phoenix, Portland and Tampa from 2010-2016.
% % %