Tag: Yardi 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 […]

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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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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, […]

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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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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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Self Storage Update

From Yardi Matrix

The self storage industry is feeling the impact of the housing market slowdown on demand for storage units, states the latest Self Storage National Report from Yardi Matrix. The average annualized same-store asking rate per square foot for combined unit sizes and types averaged $16.57 nationally in November, a 4.2 percent drop on a year-over-year […]

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Rents Trend Down

Reports Yardi Matrix

National multifamily asking rent decreased for the third consecutive month in November, according to the latest Yardi Matrix National Multifamily Report. The average U.S. asking rent fell $6 to $1,713 in November, with year-over-year growth at 0.4 percent, on par with September. Occupancy remained steady at 94.9 percent since August. Metros in the Northeast and Midwest […]

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Student Housing

Off and Leasing for Next Year

The fall semester may just be coming to a close, but preleasing for the 2024-2025 school year is already underway and off to a strong start, states the latest Yardi Matrix student housing report. Advance leasing for next school year started off extremely strong, reaching 25.2 percent for the Yardi 200 in October, well ahead of […]

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Demand Still Sluggish

For Self Storage

Slowed demand for self storage continues to drive street rates lower, reports the new Self Storage National Report from Yardi Matrix. Annual street rate growth stayed negative in October. The average annualized same-store asking rate per square foot for the main unit types and sizes averaged $16.77 nationally last month, marking a 4.2 percent drop from the […]

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