Posts by: Yardi Blog Staff

Yardi Aspire Career Development Q&A with Patty Evans

Yardi Aspire helps employee skill development

Employee skill development isn’t just about moving up the corporate ladder. It’s about equipping employees with the skills, knowledge and opportunities to thrive. Property management companies are increasingly recognizing the need to train their workforce, strategically identify skills and promote internal mobility. Imagine a VP trying to fill a property manager role. How can they […]

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Multifamily Update

From Yardi Matrix

Seasonality and supply are tempering advertised asking rent growth but demand remains strong, according to the latest Yardi Matrix National Multifamily Report. The average U.S. advertised asking rent decreased by $3 in September to $1,750, flat at 0.9 percent year-over-year (YoY). Occupancy stood at 94.8 percent in September, unchanged YoY. Gateway markets in the East and […]

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Asking Rent Growth Picks Up

According to Yardi Matrix

Consistent economic growth and demographic trends sustained multifamily demand at the start of the third quarter, according to the latest Yardi Matrix National Multifamily Report. The average U.S. publicly advertised rent or “asking rent” rose 0.8 percent year-over-year (YoY) through July, or $4 to $1,743. The national occupancy rate in June remained at 94.6 percent for […]

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Self Storage

Faces Headwinds

The self storage real estate sector is facing headwinds and continues to be affected by current market conditions, according to the latest Self Storage National Report from Yardi Matrix. Annual street rate growth was still negative in February. The average annualized same-store asking rent per square foot for combined mix of unit sizes reached an […]

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Student Housing

Pre-leasing gains more ground

Last month, the average student housing preleasing rate for Yardi 200 schools reached 61.5 percent, marking a 450-basis-point increase year-over-year, according to the latest Yardi Matrix National Student Housing Report. The market is healthy enough to absorb 46,000 new beds coming online, with demand fueled by enrollment growth. The average rent per bed reached $883 […]

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Multifamily Debt

Maturing Loans Test Sector

The multifamily market has 58,533 properties with loans set to mature over the next five years, representing $525 billion of the total $1.1 trillion of loans currently backed by apartments, according to a new special report from Yardi Matrix. Metros with the largest volume of maturities include Atlanta ($34.9 billion), Dallas ($26.6 billion), Denver ($22.9 billion), Houston […]

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Rents Vary Regionally

Reports Yardi Matrix

National asking rents posted their first increase in over seven months in February, according to the latest Yardi Matrix National Multifamily Report. The average U.S. asking rent rose $1 to $1,713 in February, up 0.6 percent year-over-year (YoY), while occupancy decreased 60 basis points YoY to 94.5 percent as of January. Markets in the Northeast and […]

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Rent Forecast Update

From Yardi Matrix

Multifamily asking rents broke the five-month streak of sequential average declines in January, rising 0.07 percent, shows a new special report from Yardi Matrix. Of the 142 markets tracked, last month 61 posted declines, 71 marked increases and 10 remained flat. Largest increases continued to occur in midsize cities in the Northeast and South, including in White […]

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Preleasing Pops

Matrix Student Housing Update

Student housing’s consistently rising preleasing rate exceeded 50 percent of tracked inventory by the end of January 2024, well ahead of last year’s figure, according to the latest Yardi Matrix National Student Housing Report. Preleasing for the 2024-2025 school year reached 54.5 percent in January, marking a 710-basis-point increase since January 2023. A total of […]

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Self Storage

Anticipates more supply

Yardi Matrix’s Q1 2024 Self Storage Supply Forecast suggests an expansion in near-term supply, while the coming years will show a decrease. The last quarter of 2023 registered an increase in construction starts and the under-construction pipeline, influenced by an uptick in new development. Consequently, the near-term forecast for 2024 and 2025 has been upped by […]

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Rents Remain Flat

Yardi Matrix Update

The multifamily market was stable at the start of 2024, despite the pressure of a supply boom in some markets, according to the latest Yardi Matrix National Multifamily Report. The average U.S. asking rent remained flat at $1,710 in January for a 0.5 percent year-over-year increase, while occupancy decreased 50 basis points year-over-year in December, […]

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Rent Forecast

From Yardi Matrix

A large amount of multifamily housing supply coming online is expected to suppress national average asking rent growth this year, according to a new special report from Yardi Matrix. While national average asking rents grew by 1.6 percent in 2023, the new supply will serve to depress rent appreciation this year “in many of the […]

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Storage Stabilizes

Latest Matrix Report

– The self storage market is achieving stability after an 18-month slowdown, the latest Self Storage National Report from Yardi Matrix shows. Annual street rate growth was still negative as of December. The average annualized same-store asking rent per square foot for the combined mix of unit sizes and types reached an average of $16.57 […]

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Student Housing Stands Out

Yardi Matrix Update

The student housing market jumped into the 2024-2025 leasing season on a high note, with December preleasing well ahead of last year’s figure, according to the latest Yardi Matrix National Student Housing Report. Asking rates also continued to climb, hitting $858 per bed in December and marking a 4.9 percent increase on a year-over-year basis. […]

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Multifamily Outlook

From Yardi Matrix

After two years of stellar growth, rents decelerated in 2023, despite demand still at strong levels thanks to a resilient economy. The 2024 Multifamily Outlook from Yardi Matrix anticipates a year of challenges, including slowing national rent growth. National rent growth moderated to 0.4 percent year-over-year through November 2023, from a combined 23.5 percent in […]

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