Generally, the area in and around a major city; the Office of Management and Budget (OMB) defines an MSA as having one of the following characteristics: a city with a population of at least 50,000, or an urbanized area with a population of at least 50,000 with a total metropolitan population of 100,000.
Global Definitions Database
Metropolitan Statistical Area (MSA)
Source: NCREIF | Date: 09 September 2025 | ID: D1296 | Version: 1