2016 promises to be another year of above-average rent growth in apartments, just not at the accelerated pace the sector has experienced for the past couple of years. Yardi Matrix is predicting “solid” increases for the year, “without the froth of 2015.”
Specifically, the latest Yardi Matrix report projects 4.6% rent growth nationally this year, “led by many of the hot markets that produced outsize increases in 2015.” Although the forecast represents a deceleration from the 6.5% gain recorded in the year just past, “rent growth will, nonetheless, outpace the eight-year average of 2.8%, satisfying most property owners.”
Read more...MF Rent Growth Set to Moderate - Daily News Article - GlobeSt.com
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