From California to Georgia, the apartment sector saw record-breaking returns in the third quarter of 2021, according to the latest SitusAMC Insights’ Top 5 Bottom 5 Metro ranking. Rocketing rent growth and appreciation bolstered these markets, along with continued strength in industrial properties -- which shows no sign of waning. Our proprietary analysis is based on the weighted average of NPI-NCREIF total returns across commercial real estate sectors (apartment, industrial, retail, office) in the third quarter, compared to the previous quarter. Explore all of the top performers and laggards in our slideshow below. To learn more about SitusAMC’s research and data offerings, click here.