According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rents were $1,719 in November, down $9 from October. Yardi says housing is facing a variety of economic headwinds and deteriorating demand, multifamily rents finally turned negative in November.
“With the economy softening, demand for units slowing and rising interest rates creating headwinds for housing, multifamily asking rent growth finally took a turn downward in November.”
Click here to read the full report at Yardi.
