According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rent in September was $1,463. Summing this up Yardi, says that since the beginning of the pandemic, overall rents have only been up or down by a few dollars each month with an overall national rent decline of $8 since February. Indeed…
“As we move into the fall and winter months, the return to normal remains slow and volatile. Political disruptions are causing further uncertainty, and consumer confidence fell to its lowest level in more than six years in August.”
[HOWEVER]
“With the extreme uncertainty surrounding the country today, the multifamily industry has held up better so far than many predicted.”
Click here to read the full report at Yardi.
