Yardi: Multifamily Rents See Second Consecutive Month of Growth via Multifamily Executive Magazine

U.S. average rent growth saw a second consecutive month of continued growth in August, creeping up by an average of $1 to $1,463. However, on a year-over-year basis, rents decreased 0.3% in August, unchanged from July.

However, with millions of Americans unemployed, it’s still unclear what the remainder of the year will hold for the multifamily industry, according to the latest Yardi Matrix National Multifamily Report.

Read more...Yardi: Multifamily Rents See Second Consecutive Month of Growth via Multifamily Executive Magazine