According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rents in November increased $4 to $1,590 (13.5% year-over-year). Encouragingly, Yardi says the market remains healthy. Indeed…
“…While November’s rent performance represents a significant deceleration from the $20-plus increases per month of the spring and summer, it also is the largest average rent increase in the month of November since before the Great Recession. Typically, rents flatten in November, as demand wanes and fewer people move. Going forward, rent growth seems likely to level off, both because of seasonality and because the extraordinary gains should revert to the mean.”
Click here to read the full report at Yardimatrix.com.
