Yardi Matrix, Santa Barbara, Calif., released its data on multifamily rents in August, finding that they were essentially flat, with just a $1 drop to $1,741 from July. Year-over-year growth was unchanged at 0.8%.
Tag: Yardi Matrix
Yardi Matrix: July Multifamily Data Shows Positive Signs Despite Modest Rent Growth
Yardi Matrix, Santa Barbara, Calif., found multifamily advertised rents rose for the sixth straight month in July as demand from economic growth and demographics remained solid. The average rent increased $4 to $1,743, or 0.2% month-over-month, and is up by 0.8% year-over-year.
Yardi Matrix Anticipates Minimal Rent Growth for Second Half of Year
Yardi Matrix, Santa Barbara, Calif., released its U.S. Multifamily Outlook for Summer 2024, finding that while multifamily performance continues to be strong, rent growth is likely to remain slow through the rest of the year.
Yardi Matrix Says Student Housing Still Strong, but Some Metrics Slow
Yardi Matrix, Santa Barbara, Calif., reported in its National Student Housing Report for May 2024 that student housing metrics have moderated somewhat, but remain solid overall.
RentCafe: Adaptive Reuse Projects Increase, With Hotels Popular in 2023
RentCafe, Santa Barbara, Calif., found adaptive reuse projects grew last year. There were 17.6% more apartments converted from outdated buildings in 2023 compared with 2022.
Student Housing Pre-Leasing, Rent Growth Outpace Historical Average
Student housing pre-leasing is outpacing all previous years on record and rent growth remained strong in March, according to Yardi Matrix, Santa Barbara, Calif.
Yardi Matrix: Multifamily Rents Rose Slightly in February
Yardi Matrix, Santa Barbara, Calif., reported the average multifamily asking rent rose $1 in February to $1,713, the first increase in seven months. Year-over-year growth remained flat at 0.6%.
Yardi Matrix: Rents Fall Again in December 2023
Yardi Matrix, Santa Barbara, Calif., released its Yardi Matrix National Multifamily Report, finding that rents declined for a fifth consecutive month.
Yardi Matrix: 2024 Multifamily Outlook Mixed
Yardi Matrix, Santa Barbara, Calif., released an outlook for the multifamily market in 2024, pointing to expectations as “mixed.”
Yardi Matrix Increases Multifamily Completion Forecast for 2024, 2025
Yardi Matrix, Santa Barbara, Calif., reported multifamily construction starts increased slightly in the third quarter, and overall construction levels should yield an uptick for 2024 and 2025 completions.