Multifamily Developers Double Down on Southern, Secondary Markets

Wealth Management Real Estate, July 30, 2021–Bendix Anderson
For many Americans, the pandemic totally changed how we live. Downtown areas were quiet that once swarmed with people. Businesses closed. Highways emptied. But developers continued to build new apartments in many of the same places they had before the pandemic. Only the balance shifted as developers started construction on fewer apartments in expensive, gateway cities and more apartments in Southern, secondary apartment markets—places that grew quickly over the last decade, according to the latest Census data. These Southern, secondary apartment markets are likely to continue to grow quickly in the future.
https://www.wealthmanagement.com/multifamily/multifamily-developers-double-down-southern-secondary-markets?