There wasn’t much movement in February with respect to average U.S. monthly rents. The metric held steady at $1,306 last month, according to Yardi Matrix’s monthly survey of 124 markets.
On a year-over-year (YOY) basis, rents were up 2.8% nationwide in February, down 40 basis points from January and roughly half the 5.5% growth rate of a year ago. Despite some fluctuation in between, rents are the same as they were in July 2016.
Read more...Rents Flat in February | Multifamily Executive Magazine | Rent Trends, Rents, Research, Rental Market
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