Tag: Yardi Matrix

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 […]

Matrix

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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Supply Forecast

From Yardi Matrix

Multifamily construction starts increased slightly in Q3 2023, and should have a positive impact on future deliveries, states the latest Multifamily Supply Forecast from Yardi Matrix. Construction starts remained relatively robust in the first half of 2023, and the under-construction pipeline increased 7.6 percent in the third quarter. As a result, the Q4 2023 supply forecast update […]

Matrix

Student Housing Webinar

Matrix outlook remains positive

The Yardi Matrix team, including Jeff Adler and Tyson Huebner, delivered its final webinar of the 2023 year on the student housing sector’s performance and investment opportunities. If you missed it, you can view the recording and presentation slides here. Student housing maintained strong performance into the start of the 2023/2024 school year, though preleasing […]

Matrix

Matrix Assesses Multifamily Market

Webinar insights include economy, WFH, affordability and more

Yardi Matrix vice president Jeff Adler delivered an in-depth update on the state of the U.S. economy and the multifamily investment landscape last week, covering everything from inflation to recession risk to post-pandemic in-office trends. You can review the recording of the webinar and presentation materials here. Industry insiders know that these webinars are among […]

Matrix

Student Housing in Strong Spot

To start the 23/24 School Year

The student housing sector starts the school year in a strong position, as preleasing matches last year’s solid performance and year-over-year rent growth has continually outpaced 2022’s historic growth. Student housing is one of the few real estate sectors to be continually resilient post-pandemic, according to the latest National Student Housing Report from Yardi® Matrix, […]

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Multifamily Rent Update

From Yardi Matrix

Multifamily performance was stable in August, according to the latest Yardi Matrix National Multifamily Report. The average U.S. asking rent rose $1 to $1,728, while year-over-year growth fell to 1.5 percent, down 20 basis points from July. Occupancy was also effectively flat. “Economic growth continues to be stronger than expected, providing a backdrop to consistent […]

Matrix

Weak Demand Hurts Self Storage

Yardi Matrix webinar recap

Self storage performance slumped in the second quarter of 2023, typically the strongest quarter, due to weak demand. That was among the top takeaways from a Thursday webinar hosted by industry leading data provider Yardi Matrix. You can view the webinar recording and presentation materials here. Among other key takeaways for the sector: “We’re in […]

Matrix

Single-Family Rental Market

In Growth Mode

Although its pandemic-driven expansion has been tempered recently by rising mortgage rates and cooling home sales, the U.S. institutional single-family rentals (SFR) industry has entered a moderate growth mode that positions it “to thrive over the long term,” according to a new research bulletin from Yardi Matrix. Robust household family formation and elevated demand for […]

Matrix

Street Rates Fall

Self Storage Update

Self storage street rates slipped month-over-month in July as demand and supply trends soften, according to the latest National Self Storage Report from Yardi Matrix. Street rate performance was weaker than normal in July. Nationally, overall street rates (all unit sizes and types combined) dropped $1 to $141, down 0.7 percent month-over-month. Historically, rate growth […]

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Student Housing Updates now Monthly

Near-Record Preleasing in July

The student housing sector continues to outperform as the Fall 2023 school year approaches, according to the August National Student Housing Report from Yardi Matrix. Reports on national student housing performance, with insight on preleasing and rental rates, are now being delivered on a monthly basis. As of July, 90.1 percent of beds at Yardi […]

Matrix

Supply Forecast

Improves for Multifamily

The multifamily housing supply could increase to nearly seven percent by the end of 2023, states the latest Multifamily Supply Forecast from Yardi Matrix. The Q3 2023 supply forecast update has increased forecast completions 6.9 percent for 2023 and 6.5 percent for 2024. The near-term forecast was increased this month as the under-construction pipeline […]

Matrix

Self Storage Stalls

Yardi Matrix Reports

Responding to moderating demand, self storage street rates remained healthy through the second quarter of 2023, according to the latest National Self Storage Report from Yardi Matrix. Nationally, the average rate for self storage units overall remained unchanged month-over-month. Historically, rates tend to increase in the summer months. With the exception of 2019, every year […]

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. […]

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