Yardi Matrix’s December Multifamily Report highlighted several key findings:
– The average advertised apartment rents in the US dropped by $4 at the end of 2024, with a year-over-year rent growth of only 0.6%.
– Demand for multifamily properties remains strong, but regional and market-level rent changes were influenced by local supply growth.
– According to Doug Ressler, Manager of Business Intelligence at Yardi Matrix, “The multifamily market is performing well as demand continues to absorb supply.”
Keeping an Eye on Construction
In 2024, there was significant construction activity across the country with a total of 442,000 units completed. At the same time, there were also 404
