An analysis of where capital really flowed — and what that means for the upcoming OZ 2.0. This analysis focuses only on multifamily transactions that occurred inside Opportunity Zones within each metro, not total metro-level sales. In other words — we measured how active each metro’s OZ areas truly were, not just how big the metro itself is.

Across the top 50 U.S. metros, multifamily conditions are evolving under the weight of sustained construction pipelines.

Before rents cool, cranes move. This week, we mapped every major U.S. metro across two key development metrics: -X-axis: 6-month building permits (5+ units) -Y-axis: Construction pipeline expected to complete within 2 years