According to the latest Yardi Matrix, multifamily rents posted solid gains in April to an average of $1,314, which is 2% higher than one year ago. The Matrix Monthly is comprised of data gleaned from 121 markets covered by Yardi Matrix.
“Now rents are peaking and have become difficult to afford for the average resident in many metros, while supply is at cyclical peaks. We expect upwards of 363,000 units to come online in 2017, with the number of deliveries declining in 2018 and 2019.”
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