Fastest Growing Multi-Family Property Investments in California
Multi-family housing continues to shape California’s urban landscape, with several cities leading the nation in new apartment and condo development. No metro is embracing this trend more aggressively than San Diego-Chula Vista-Carlsbad, which ranked #3 among large metros nationwide; an impressive 73.4% of all new housing units built there in the most recent year were multi-family. This surge reflects both population growth and strong demand for walkable, amenity-rich living environments among young professionals and downsizing retirees.
Other California cities are also making significant strides in the multi-family sector:
- San Jose-Sunnyvale-Santa Clara ranks #5 among large metros, with 67.3% of new construction classified as multi-family.
- Los Angeles-Long Beach-Anaheim follows closely, with 60.9% of new units being multi-family-placing it firmly among the top ten large metros nationwide.
- San Francisco-Oakland-Berkeley rounds out California’s leaders, with 60.0% of new housing built as multi-family.
With California ranked #11 overall in the U.S. for new multi-family housing development, the state remains a top destination for investors, developers and property managers seeking high-growth, high-demand markets. If you’re managing or investing in multi-family properties in San Diego, San Jose, Los Angeles or other rapidly growing California metros, now is the time to explore our mailbox solutions.
