Multifamily rents declined for the sixth month in a row, declining by 0.5 percent in November year-over-year, according to a Yardi Matrix report of 127 markets. Despite this, more than 100 secondary and tertiary markets are performing better than the national average.
Once again, markets such as the Inland Empire, Sacramento, Phoenix and Indianapolis led the pack in terms of rent growth, increasing 6.6 percent, 5.9 percent, 4.3 percent and 3.9 percent, respectively.
Read more...National Multifamily Report – November 2020 via Multi-Housing News
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