Yardi Says Rents Continue to Soar
According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rents in September increased $ 16 to $ 1,558 (up a record 11.4% year-over-year). However, Yardi says there are signs of deceleration, as September’s rent growth was the smallest recorded since the surge began in February. Indeed…
“…while the year-over-year numbers keep accelerating, we may be seeing the early stages of moderation. Rents rose…by historical standards but the lowest rate of increase in six months.”
Click here to read the full report at Yardimatrix.com.
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