Yardi Says Another Record-Breaking Month for Multifamily
According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rents in July increased $ 26 to $ 1,510 (up 8.3% year-over-year). Yardi says single-family (Built-to-Rent) rents continue to grow at an even faster pace than multifamily, with national rents up 12.8% year-over-year. In addition, out of their top 30 markets, nearly half had double-digit year-over-year rent growth. Indeed…
“Strong demand for apartments has produced a remarkable recovery across the country. Lower cost metros that fared well during the pandemic continue to outperform, but Gateway metros are also roaring back.”
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