According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rents in July increased $26 to $1,510 (up 8.3% year-over-year). Yardi says single-family (Built-to-Rent) rents continue to grow at an even faster pace than multifamily, with national rents up 12.8% year-over-year. In addition, out of their top 30 markets, nearly half had double-digit year-over-year rent growth. Indeed…
“Strong demand for apartments has produced a remarkable recovery across the country. Lower cost metros that fared well during the pandemic continue to outperform, but Gateway metros are also roaring back.”
Click here to read the full report at Yardimatrix.com.
