In a new report released by Yardi Matrix, U.S. multifamily markets will enjoy moderate growth in 2016. They caveat that on domestic economy cooperating and potential hot spots abroad remain calm (which is like predicting the weather). Their report, “Winter 2016 Multifamily Outlook: Rent Growth Encore? What’s in Store for 2016,” also predicts that increased gross domestic product, moderate growth in apartment supplies, healthy capital markets and 2.5 million new jobs will drive 4.6% growth, outpacing the eight-year average of 2.8%. Indeed.
“2016 should be a year of solid rent growth, without the froth of 2015. Yardi Matrix projects 4.6% rent growth nationally, led by many of the hot markets that produced outsize increases in 2015. While the forecast represents a deceleration from the 6.5% gain recorded in 2015, rent growth will, nonetheless, outpace the eight-year average of 2.8%, satisfying most property owners.”
