Secondary Apartment Markets Are Outperforming Larger Coastal Cities

An analysis by Adam Artunian of John Burns Real Estate Consulting shows that secondary apartment markets and “surban” locations (desirable suburban locations with urban amenities) are outperforming primary markets such as larger coastal cities, and remain more affordable. Artunian says markets in the Southwest and Southeast, and B-Class California markets such as Riverside/San Bernardino, will outperform over the next several years. Meanwhile, rents will drop in Houston, New York City, and San Francisco.

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