Yardi Says Rents Were Flat in October

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According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rents were flat in October.  However, Yardi says the national numbers appear misleading as the sector is experiencing an ever-increasing divergence between outperforming and underperforming markets.  In addition, rents fell 0.6% nationwide, year-over-year.  Indeed…

“With each passing month, outmigration from large gateway markets to secondary and tertiary tech hubs is amplifying. At this point, the apparent winners are markets in close proximity to large gateways but with significantly lower costs of living.”

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

 

 

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Director of Education & Outreach, National Real Estate Investors Association

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