This year’s trend of ever-increasing U.S. multifamily rents continues unabated. Rents increased by $5 in September to mark a new record high of $1,167, according to the latest edition of Matrix Monthly, a survey of the 108 markets covered by Yardi® Matrix.
September’s year-over-year increase of 6.8 percent was 30 basis points higher than the previous two months and the highest growth in the post-recession cycle. Rents have risen every month in 2015.
Read more...Matrix Monthly Documents Sizzling September Apartment Rent Growth | Multi-Housing News Online