Yardi Says Rents Rising Robustly

According to the latest Yardi Matrix, U.S. multifamily rents rose slightly in June, coming in at $1,465 with year-over-year growth increasing slightly to 3.3%.  Yardi says rents “rose robustly” in Q2 with the market’s consistent growth once again showing no signs of waning.  Indeed…

“Absent an unforeseen exogenous event, demand for multifamily shows no signs of abating. That doesn’t address whether rent growth can remain elevated, but rents have stayed at above-trend levels during several years of robust supply increases and ongoing issues with affordability, so it seems foolish to discount the market’s potential to maintain its performance over the near term.”

Click here to read the full report at YardiMatrix.com.