According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rents dropped $1 to $1,718 in August, marking the first month-over month decline since June 2020. Yardi says multifamily rents finally hit a wall in August, presaging a deceleration that may extend through the second half of 2022. Indeed…
“Despite the flattening rent growth, much about the market remains positive. Year-to-date rent growth is still higher than any previous year aside from 2021, and occupancy rates have been above 96% for the past 14 months.”
Click here to read the full report at Yardi.
