According to the latest edition of Yardi Matrix Monthly U.S. multifamily rents remained steady in November with the average rent being $1165 – which has essentially remained unchanged for two months.
Nationwide, rents dropped by $1 to $1,165 and have been basically flat for two months, which is consistent with a normal seasonal pattern. Rents had risen for nine straight months before October. The flattening of rents during the winter months is expected, and it is consistent with Yardi Matrix’s forecast, which calls for rent growth to slow to about 4.5% in 2016
Click here to read the full Yardi Matrix report.
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