According to the latest Yardi Matrix, U.S. multifamily rents rose slightly in February, coming in at $1,426 with year-over-year growth holding firm at 3.6%. Yardi reports that this annual growth rate is the highest since late 2016.
“The staying power of the cycle is a major concern in a market that has had an unusually long run without a downturn. Multifamily, however, continues to defy those worries, and the latest numbers are evidence that the market has strength to perform well for a while, even if the economy or other commercial real estate segments slow down.”
Click here to read the full report at Yardimatrix.com.