Category: Matrix

Self Storage Status

Trends and insight from Yardi Matrix

As we move through 2024, the self storage market is navigating a complex landscape shaped by a mix of persistent challenges and emerging opportunities. Yardi Matrix experts Jeff Adler and Tyson Huebner recently delivered an update on the industry’s current state in a webinar (available for download here), drawing on recent data and trends to […]

Matrix

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 […]

Matrix

Preleasing Progress

Yardi Matrix Reports

Surveyed preleasing at colleges and universities tracked by Yardi® reached 85.2 percent in June, on par with last year’s pace and outpacing historic trends. The average advertised asking rent per bed stood at $898 last month, while year-over-year rent growth slowed to five percent, according to the latest Yardi Matrix National Student Housing Report. Averaging 6.1 percent […]

Matrix

Storage Supply

Near Term Increase Forecast

Yardi Matrix’s Q2 Self Storage Supply Forecast remains mostly unchanged, as the development pipeline in the first quarter was consistent with previous expectations. The construction pipeline was flat in the first quarter of 2024, leading to relatively no changes in the near-term forecast for 2024 and 2025. In the Q1 look, those expectations were upped […]

Matrix

Creating Opportunity

Yardi Matrix Multifamily Webinar

Yardi Matrix hosted its Q2 2024 Multifamily Webinar this week, providing more than an hour of useful insight and analysis on rent performance, supply dynamics and opportunities for investment in the sector. Miss Jeff Adler’s insight? View the presentation recording or review the slide deck on the Yardi Matrix website. The latest Matrix monthly multifamily […]

Matrix

Student Housing

Yardi Matrix update

Preleasing at Yardi 200 schools reached 73.5 percent in April, exceeding last year’s rate by 50 basis points, while rent growth stood at 5.5 percent, according to the latest Yardi Matrix National Student Housing Report. As of April, the average rent reached $895 per bedroom, unchanged from the previous month and 5.5 percent higher year-over-year. […]

Matrix

Rent Forecast

New from Yardi Matrix

The multifamily market is a tale of two supply scenarios, shows a new special report from Yardi Matrix. Of the 134 U.S. cities reviewed by Yardi Matrix, those that recorded substantial growth during the pandemic and are now receiving high volumes of new supply are posting stagnant or falling rents. Nine of 20 markets that […]

Matrix

Opportunity and Volatility

Student Housing Webinar Recap

Student housing remains a resilient sector with promising long-term growth prospects, attracting significant capital despite ongoing challenges, according to the latest Yardi Matrix webinar held Thursday. Find the full recording here and find the presentation slides here. However, investors navigating the student housing market require a nuanced understanding of its unique dynamics and the ability […]

Matrix

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 […]

Matrix

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 […]

Matrix

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 […]

Matrix

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 […]

Matrix

Self Storage May Struggle

As Fewer Americans Move

The latest Yardi Matrix Self Storage webinar provided insights into the current state of the economy and its impact on the self-storage industry. Find a full recording of the March 6 webinar here and view the presentation deck here. The self storage sector began seeing weaker performance in 2023 due to a decline in demand, […]

Matrix

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 […]

Matrix

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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