The apartment sector continued its solid performance last year, but real estate is a local business, with variations not only by market but by submarket.

A closer look at individual metropolitan areas reveals more specific insight into how they are trending and what’s driving their activity—whether they are attracting new residents, providing investors with potential for desirable yields or offering development opportunities.

Following are snapshots of 20 of the leading U.S. markets, with details on their economic drivers; key performance metrics such as data on properties completed, investment volume and rent growth; plus forecasts for 2017.

The information is representative of larger reports that Yardi Matrix releases about multifamily performance in major U.S. markets throughout the year, available at The data, which draws on proprietary algorithms and forecasting techniques, offers a valuable tool for investors, owners, managers, brokers and other real estate players.

Plans for 2017 are to publish even more detailed reports that will be made available to Yardi Matrix subscribers.

Originally appearing in the CPE-MHN Guide to 2017.