Yardi Says Long-Term Demand for Rentals to Remain High

BY  ON OCTOBER 21, 2018

According to the latest Yardi Matrix, U.S. multifamily rents dropped $1 in September to $1,412, however on a year-over-year basis rents were up 3%.  Yardi says that the occupancy rate of stabilized properties has increased in recent months, which they say is a sign that demand remains solid in the face of a heavy development pipeline.

“Long-term demand for rentals is likely to remain high for a variety of demographic and social reasons. The renter-age population is growing, the economy is strong and there is demand from retirees downsizing from single-family houses.”