Yardi Says Multifamily Saw Strong Growth in 2022, but Rents Feel Strain

BY  ON JANUARY 16, 2023

According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rents were $1,715 in December, down $4 from December. Yardi says multifamily saw strong growth in 2022, but rents are feeling some strain. Click here to read more.

“Our outlook is colored by the demand-supply equation. Demand for apartments is moderating from 2021 record levels as the economy cools, excess household savings are depleted, affordability is stretched and the post-pandemic migration is played out.”

“Meanwhile, 2023 should be a strong year for new supply. More than 400,000 units are expected to come online in 2023.”

Click here to read the full report at Yardi.

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  • Hamza Ashfaq
    published this page in Updates 2023-01-28 04:10:06 -0700