Giving further credence to the argument that the multifamily cycle still has plenty of runway, Yardi said Thursday that apartment rents nationwide rose 6.5% year-over-year in July to a record $1,155. “Growth is not showing signs of moderating,” according to Yardi’s Matrix Monthly report, based on a survey of owners in the 101 markets covered by the Yardi Matrix business unit. July’s average rent was 20 basis points higher than June’s, marking the fastest growth of the current cycle.
Read more...No Slowdown in Apt. Rent Gains - Daily News Article - GlobeSt.com
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.