Minimal Rent Growth Expected for U.S. Multifamily Market in 2024, According to New Yardi Matrix Outlook
June 14, 2024
June 14, 2024
SANTA BARBARA, California, June 14 -- Yardi Matrix, a part of Yardi Systems, issued the following news release:
U.S. multifamily rent growth and occupancy have deteriorated since the 2022 peak, and the 2024 Multifamily Outlook from Yardi(R) Matrix anticipates further deceleration in the second half of this year.
According to the new report, advertised multifamily rents are up 1.1 percent year-to-date, with year-over-year increases maintaining each month at around 0.6 pe . . .
U.S. multifamily rent growth and occupancy have deteriorated since the 2022 peak, and the 2024 Multifamily Outlook from Yardi(R) Matrix anticipates further deceleration in the second half of this year.
According to the new report, advertised multifamily rents are up 1.1 percent year-to-date, with year-over-year increases maintaining each month at around 0.6 pe . . .