**Multifamily Demand Remains Strong Amid Economic Uncertainty**
Despite ongoing uncertainty in the economy and financial markets, the fundamentals of the multifamily housing sector remain resilient, according to Yardi Matrix. In May, average U.S. multifamily advertised rents rose by $6 to reach $1,761, marking a 1% year-over-year increase.
While some metropolitan areas are experiencing a slight decline in occupancy due to a robust supply pipeline, the overall decrease is gradual. Demand continues to hold steady, even in heavily supplied regions.
The latest Yardi Matrix Multifamily National Report for May 2025 highlighted that rent growth remains most concentrated in the Northeast and Midwest. However, markets that have struggled in recent months—such as Denver, San Francisco, Dallas, and Austin—showed signs of recovery with varying levels of positive rent growth in May.
In the single-family build-to-rent (BTR) segment, advertised rents rose by $3 in May to an average of $2,183. This marks the fourth consecutive month of increases following a sluggish winter. BTR rents are now just $2 below the all-time high of $2,185 recorded one year ago.
These trends reflect continued resilience and strong demand across both multifamily and single-family rental markets, even in the face of broader economic headwinds.
