According to the latest Yardi Matrix, U.S. multifamily rents rose slightly in May, coming in at $1,442 with year-over-year growth dropping slightly to 2.5%. Yardi says that Q1 has shown decent performance but is far short of the levels of recent years.
“…2019 is shaping up to be weaker than the last few, much more robust, years. Year-over-year rent growth has dropped 80 basis points over two months and 110 basis points over three months.”
Click here to read the full report at Yardimatrix.com.
