Yardi Matrix Anticipates 18- to 24-Month Recovery for Urban Cores via Multifamily Executive Magazine

In the spring 2021 edition of Yardi Matrix’s Multifamily National Outlook, vice president Jeff Adler and Jack Kern, director of institutional research, took a look at current market conditions as they affect multifamily and how they could play out in the near future—particularly with the ongoing vaccine rollout as a flashpoint for renter movements and preferences.

As of April, the economy is heating up, with 916,000 jobs added to the market in March and unemployment down to 6%. Gateway markets and urban cores are still struggling, but appear to be turning a corner, while tech hubs continue to grow. Yardi owes the strength there is to the ongoing approval and distribution of COVID-19 vaccines. Inflation is a concern to watch, as asset and input prices are on the rise.

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