Yardi Matrix Article Addresses U.S. Migration Implications

South and West are popular destinations while older urban cores also hold appeal

SANTA BARBARA, Calif.,
Sept. 19, 2019 – New research by
Yardi®
Matrix provides insight into the migration patterns
that have reshaped the U.S.’s economy and demographic composition.

The South,
Southwest and West accounted for more than 80% of the population growth in the country’s
top 50 metros from 1970 to 2018. The research report describes how the costs of
living and doing business, land availability, climate, and cultural and
recreation attractions drive migration to metros in those regions.

Older core metros
whose populations have declined due to domestic outmigration make up some of
the loss with international immigration. New York City, Miami, Los Angeles,
Washington, D.C., and Boston are top destinations for international migrants
who fill jobs and fuel economic growth. “Immigration has been the ace in the
hole for primary commercial real estate markets,” says the research report,
which appeared in PREA Quarterly, a
members-only publication for the real estate investment community.

The article by
Paul Fiorilla, director of research for Yardi Matrix, connects migration
patterns to metros’ economic health and trends in commercial and residential
real estate. It is available
for download.

Yardi Matrix offers the industry’s
most comprehensive market intelligence tool for investment professionals, equity
investors, lenders and property managers who underwrite and manage investments
in commercial real estate. Yardi Matrix covers multifamily, industrial, office
and self storage property types. Email [email protected], call 480-663-1149 or
visit yardimatrix.com to learn more.

About Yardi

Yardi^® develops and
supports industry-leading investment and property management software for all
types and sizes of real estate companies. Established in 1984, Yardi is based
in Santa Barbara, Calif., and serves clients worldwide. For more information on
how Yardi is Energized for Tomorrow, visit yardi.com.