BY BRAD BECKETT ON SEPTEMBER 21, 2018
According to the latest Yardi Matrix, U.S. multifamily rents rose $2 in August to $1,412 – which they report is yet another all-time high, having now risen 7 months in a row. Year-over-year in July, rents were up 3.1%. Yardi says the sector’s performance is highlighted by rising occupancy rates in the face of robust supply growth.
“The multifamily market, however, shows no signs of nearing the end of its cycle. While it might be overstating the case to say that the sector is picking up steam, August rent data indicates that deceleration no longer seems to be an accurate term for the state of the market.”