U.S. rents rose 6.5% year-over-year in July, the highest rate in the current market cycle
Technology-fueled markets in the Western U.S. continued to spearhead growth, led by Portland, Ore., Denver and San Francisco. Growth is strong across the board in all 30 of the markets featured in the Matrix Monthly, with only five metros experiencing less than a 4% increase year-over-year.
Matrix Monthly is a monthly survey of apartment owners in the 101 U.S. markets covered by the Yardi® Matrix business unit (formerly Pierce-Eislen). Brokers, sponsors, banks and equity sources that underwrite multifamily investment transactions use the report as a business development tool.
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