Yardi Says Multifamily Rent Growth Slows, But Still Strong
According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rents dropped $ 1 to $ 1,718 in August, marking the first month-over month decline since June 2020. Yardi says multifamily rents finally hit a wall in August, presaging a deceleration that may extend through the second half of 2022. Indeed…
“Despite the flattening rent growth, much about the market remains positive. Year-to-date rent growth is still higher than any previous year aside from 2021, and occupancy rates have been above 96% for the past 14 months.”
Click here to read the full report at Yardi.
The post Yardi Says Multifamily Rent Growth Slows, But Still Strong appeared first on Real Estate Investing Today.