Yardi: Rents Up 2.5% Year-Over-Year

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According to the latest Yardi Matrix, U.S. multifamily rents rose $4 in March to $1,371.  Year-over-year, rent growth was 2.5% higher – the first increase since summer 2017.  Interestingly, Yardi reports rents had not moved more than $1 in either direction since July.

“March’s performance is decidedly mixed. It is encouraging to see rents growing at a time when the overall trend is toward deceleration. Rents had not moved more than $1 in either direction since last July. On the other hand, first-quarter rent gains were weaker than previous years…”

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

 

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Director of Education & Outreach, National Real Estate Investors Association

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