Yardi Matrix: U.S. Multifamily Rents Reach New Heights in July

Favorable economic conditions produce a sunny summer for the apartment sector SANTA BARBARA, Calif.(Aug. 3, 2018) - The average U.S. multifamily rent reached an all-time high of $1,409 in July. Rents increased 2.8% year-over-year with the $3 increase from June and have risen 3% year-to-date, according to a survey of 127 markets by Yardi® Matrix. […]