Boston Real Estate Investors Association

Yardi Matrix reports that the growth of multifamily rents is currently sluggish.

Latest Yardi Matrix Multifamily Report

yardi matrix logoAccording to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rent was $1,753 (up $4) in July, 2024. Year-over-year growth was unchanged at 0.8%. Yardi says multifamily growth is weak, but there is some strength. Indeed…

“Multifamily rent growth is weak nationally compared to long-term levels, but the market is exhibiting strength in many ways. Advertised rents were up only 0.8% year-over-year through July, but growth remained consistent through the beginning of the summer.”

Click here to read the full report at Yardi.

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