Yardi Matrix’s December Multifamily Report highlighted a few key points:
– The average advertised apartment rent in the US decreased by $4 and year-over-year rent growth was only 0.6%.
– Demand for multifamily properties remains strong, but regional and market-level changes in rent were influenced by local supply growth.
– According to Doug Ressler, Yardi Matrix’s Manager of Business Intelligence, “The multifamily market is performing well as demand continues to absorb supply.”
Construction Activity
In 2024, there was significant construction activity with 442,000 units completed across the country. However, absorption remained high at 404
