Yardi Says Multifamily Rent Growth Inched Upward in October

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According to the latest Yardi Matrix, U.S. multifamily rent growth inched upward in October, with the average rent coming in at $1,476, which they say is an all-time high.  In addition, they report year-over-year rent growth remained at 3.2%.  Yardi says that “although subject to some seasonality by metro, the multifamily market continues to consistently produce strong rent growth.”

Click here to read the full report at YardiMatrix.com.

 

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Director of Education & Outreach, National Real Estate Investors Association