According to the latest Yardi Matrix, the average U.S. rent in January was $1,463 (down $1), marking the third consecutive month of declining rents. However, Yardi says the multifamily market continued its steady performance into the first quarter with year-over-year growth remaining steady at 3.0%.
“…one potential headwind to keep in mind for 2020 is regulatory risk, as evidenced by statewide rent control (California, New York and Oregon), and increased local regulation on security deposits (Cincinnati) and resident acceptance criteria (Seattle)…”
Click here to read the full report at Yardi.com.
