The end of 2016 marked a seasonal leveling out of average rent growth, but the start of 2017 is starting out strong, according to Yardi Matrix’s monthly survey of 124 metros. U.S. monthly rents increased by $5 in January to an average of $1,315, the report revealed. On a year-over-year basis, rents increased to 4.6 percent, which is a 30-basis-point jump from December’s average, but 240 basis points less than January of 2016.
Read more...Matrix Monthly: Rents Jump $5 in January
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