Category: Matrix

Forecast Adjusted

For Multifamily

Market corrections in Florida and California contributed to a month-over-month increase of average asking rents nationally by 41 basis points in May, states the latest Multifamily Forecast from Yardi Matrix. It was a decrease from the 44-basis-point MoM increase recorded in April and was prompted by actual decreases in asking rents in two regions: Florida […]

Matrix

New Rent Record

For Student Housing

The student housing sector continues to record strong rent growth and preleasing performance is up slightly over 2022, according to the latest National Student Housing Report from Yardi Matrix. As of June, 86.6 percent of beds at Yardi 200 universities were preleased for the upcoming fall term, a 5.2 percent increase from the prior month. […]

Matrix

Multifamily Rent Update

From Yardi Matrix

Multifamily asking rents grew another $7 last month, on average, but year-over-year growth fell to 1.8 percent, according to the latest Yardi Matrix National Multifamily Report. That’s down 70 basis points from May. Rents are buoyed by ongoing strong demand for units. Though down from the 2021 highs, occupancy rates are steady at 95 percent. […]

Matrix

Multifamily Outlook

Insight from Yardi Matrix

Multifamily rents continued to increase through the first half of 2023, despite challenges for the sector and continuing economic uncertainty. But job growth has remained robust and new households keep forming, creating apartment demand and ongoing rent growth. “We anticipate that rents will continue to increase modestly over the course of the year as demand […]

Matrix

Storage Rates Hold

Yardi Matrix Report

Self storage street rates were solid in May, with several unit types and sizes improving on a monthly basis and sequential growth staying to trend, according to the latest National Self Storage Report from Yardi Matrix. The self storage market continues to be resilient, despite headwinds to demand caused by a slowing housing market. National […]

Matrix

Rents Rise in May

Multifamily Update

Multifamily asking rents rose for the third straight month in May, according to the latest National Multifamily Report from Yardi Matrix. Despite the threat of a slowing economy looming, average U.S. asking rent rose $7 in May to $1,716, while year-over-year growth decelerated to 2.6 percent. That was the lowest level since March 2021. For […]

Matrix

Remote Work Impact

On housing, communities and more

The impact of remote work on the housing market has been significant. In a webinar by Yardi Matrix, Jeff Adler, Matrix vice president, brought up several notable shifts. The full recording and presentation slides are available online. Let’s explore the big-picture impact of remote work on housing and communities. There are myriad cultural changes from […]

Matrix

Multifamily Trends

Yardi Matrix Webinar Recap

The U.S. multifamily sector faces complex challenges as the pandemic fades to a memory and a recession continues to loom for the U.S. economy later this year. Yardi Matrix vice president Jeff Adler dove deep into the market outlook and tough realities for operators during Thursday’s webinar. A full recording and presentation slides are available […]

Matrix

RE Trends Emerge

In Annual Report

The 44th edition of one of the real estate industry’s most closely followed reports is out, offering a sweeping look at conditions in the U.S. and Canadian property management and investment arenas. 2023 Emerging Trends in Real Estate, an annual collaboration between PwC and The Urban Institute, reports that amid rising interest rates and some […]

Matrix

Rents Rise Again

Multifamily Market Update

Multifamily asking rents rose for the second straight month in April, according to the new National Multifamily Report from Yardi Matrix. Despite economic headwinds, the market continues to demonstrate resilience. The average U.S. asking rent rose $5 in April to $1,709, while year-over-year growth decelerated to 3.2 percent, down 80 basis points from March. Solid demand has […]

Matrix

Student Housing Stands Out

Yardi Matrix Webinar Recap

As the student housing sector continues to outperform other real estate classes during a time of economic uncertainty, tailwinds from the multifamily market and consolidation of the higher education landscape are driving strong performance. Those were two key takeaways from the latest Yardi Matrix market update, which took place this week and featured insights from […]

Matrix

Self Storage Rents

Still negative on annual basis

Self storage street rates continue to fall off of last year’s historic highs each month, according to the latest National Self Storage Report from Yardi® Matrix. However, sector fundamentals remain strong. Year-over-year street rate growth was negative in March for the sixth straight month, with national average rates for standard-size 10×10 units down 2.3 percent […]

Matrix

Rents Rise

According to Yardi Matrix

Multifamily asking rents rose slightly last month as demand stayed strong despite economic challenges, according to the new National Multifamily Report from Yardi Matrix. The average U.S. asking rent rose $3 in March to $1,706. Year-over-year growth fell to four percent nationally, 90 basis points less than February and the lowest level since rents started […]

Matrix

Storage Stabilizes

Yardi Matrix Market Report

Self storage street rates were flat in February as consumer relocation trends and demand revert to pre-pandemic levels, according to the latest National Self Storage Report from Yardi Matrix. Growth of the average national street rate for all unit sizes was -2.8 percent year-over-year, unchanged from January. Rates for standard-size 10×10 units fell by 3.1 […]

Matrix

Rents Remain Flat

February Multifamily Report

Multifamily asking rents remained the same for a second straight month in February, at a national average rate of $1,702, according to the new National Multifamily Report from Yardi Matrix. As the economy continues to adjust in the post-pandemic period, year-over-year growth continued its ongoing decline. It is now 4.8 percent nationally, down 70 basis points from […]

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