According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rents in May increased $19 to another all-time high of $1,680 (up 13.9% year-over-year). Yardi says multifamily rents continue to defy gravity…Indeed.
“…Decelerating economic growth and concerns about gas prices and inflation have not eroded multifamily demand much nor slowed down the upward climb of rents…”
Click here to read the full report at Yardimatrix.com.
