The latest Yardi Matrix Multifamily Report reveals that the average U.S. multifamily rent in April 2024 was $1,725. Yardi notes that multifamily rents have increased for the second consecutive month, attributing this trend to robust demand in the market. According to Yardi, although rent growth is moderate, there are several positive indicators in the data. The strong job market, high levels of household formation, significant immigration numbers, and ongoing migration to the South and West are driving demand for apartments. For more information, you can read the full report at Yardi by clicking here. This information was originally shared on Real Estate Investing Today.
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Yardi Reports that Consistent Absorption is Driving Up Multifamily Rental Rates
