Tuesday, November 5, 2019

2019 Rent Growth via Multi-Housing News Online

After months of continued increases, multifamily rent growth has now hit a wall—dropping $1 to $1,471 for the month of September. Despite year-over-year growth falling 20 basis points to 3.2 percent, the market remains healthy as 2019 has shown another year of above-average rents, according to a Yardi Matrix survey of 127 markets.

Nationally, rents are up 2.9 percent year-to-date, raising 0.3 percent in the third quarter alone. Although this has been one of the weaker performing quarters, rents are on track to reach 3 percent for the sixth time in the last seven years, notes the report.

Read more...2019 Rent Growth via Multi-Housing News Online

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