According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rent was $1,728 in August. Yardi says economic growth continues to be stronger than expected, providing a backdrop to consistent multifamily demand. However, some headwinds exist…
“While multifamily conditions are generally favorable, headwinds do exist. Property expenses such as insurance are rising rapidly (as we discuss later in this report). Inflation is decreasing, but it remains stubbornly high, and Federal Reserve chair Jay Powell has indicated that the central bank might increase interest rates further.”
Click here to read the full report at Yardi.
