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Ranking Nation’s Top Military MF Markets

San Diego ranks among the top five military markets for multifamily properties nationally, according to research from Axiometrics. The military is helping to drive the regions’ economic engine, and is having a “multiplier effect” across San Diego.

The top five military-heavy metros where strong apartment markets are found include San Diego, San Antonio, TX, Colorado Springs, CO, Fayetteville, NC and Norfolk, VA.

San Diego is the largest MSA on the list, and home to multiple U.S. military installations. That includes Naval Base San Diego, the home base for the Navy’s Pacific Fleet.

San Diego’s key military multifamily market facts:

  • Highest military population in nation at 43,597 people, nearly double number two Norfolk, VA’s 22,687
  • Average annual rent growth of 5.6% in 2016
  • Rent growth rate down roughly 130 bps from the 6.9% of 2015, but pales in comparison to slowdowns experienced in other California metros
  • Rent growth is well above the 1998-2015 long term average of 3.7%

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Inside The Story

Read more at Axiometrics

About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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