{"id":40855,"date":"2025-08-12T06:00:00","date_gmt":"2025-08-12T13:00:00","guid":{"rendered":"https:\/\/www.yardi.com\/blog\/?p=40855"},"modified":"2026-02-27T02:25:07","modified_gmt":"2026-02-27T10:25:07","slug":"matrix-multifamily-report-july-2025","status":"publish","type":"post","link":"https:\/\/www.yardi.com\/blog\/matrix-multifamily-report-july-2025\/","title":{"rendered":"Trends signal cautious optimism in U.S. multifamily"},"content":{"rendered":"<figure class=\"wp-block-image size-large\"><\/figure>\n<p>Slow rent growth, steady demand and high supply have been the principal characteristics of the U.S. multifamily market recently, and July 2025 was no exception.<\/p>\n<p>The average advertised rent increased by $2 that month, representing 0.7% year-over-year growth, while absorption, which totaled 300,000 units year-to-date as of June, has been strong. Meanwhile, about 1 million units were under construction, with about half of them being in the pre-lease phase.<\/p>\n<p>Other trends examined in a new Yardi Matrix national report include:<\/p>\n<ul class=\"wp-block-list\">\n<li>A 94.7% national occupancy rate in June that has remained unchanged for four months and fell just 0.1% year-over-year.<\/li>\n<li>Decelerating deliveries in coming quarters due to the declining number of starts, which figure to relieve some of the supply pressure on rents.<\/li>\n<li>The ongoing specter of interest rates, which constitute a major roadblock as the Federal Reserve remains cautions about lowering rates before the inflationary impact of tariffs becomes clear.<\/li>\n<li>Moderating growth in multifamily expenses in the first half of 2025, led by decelerating insurance cost growth, following several years of above-trend increases.<\/li>\n<\/ul>\n<p>Overall, \u201cthe outlook for multifamily in the second half is sanguine,\u201d the report notes, on the strength of delivery deceleration, an improved economic outlook, less concern about the impact of trade policy and slower cost growth in the sector.<\/p>\n<p>Get more insight about multifamily, along with the single-family build to rent segment, from the Yardi Matrix <a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/7649-MatrixMultifamilyNationalReport-July2025\">National Multifamily Report<\/a> for July 2025.<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A new Yardi Matrix report shows that the slow rent growth, steady demand and high supply that have recently characterized the U.S. multifamily market continued in July.<\/p>\n","protected":false},"author":610,"featured_media":40856,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_s2mail":"yes","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2791,3213],"tags":[29,1169],"class_list":["post-40855","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-matrix","category-multifamily","tag-multifamily","tag-yardi-matrix"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Yardi Blog<\/title>\n<meta name=\"description\" content=\"Rent growth, demand, supply, occupancy rate and operational expenses are among the trends examined in a new Yardi Matrix multifamily report.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yardi.com\/blog\/matrix-multifamily-report-july-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trends signal cautious optimism in U.S. multifamily\" \/>\n<meta property=\"og:description\" content=\"Yardi Matrix examines trends in demand, supply and operational expenses that are generating cautious optimism in the U.S. multifamily sector.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardi.com\/blog\/matrix-multifamily-report-july-2025\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Blog\" \/>\n<meta property=\"article:published_time\" content=\"2025-08-12T13:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-02-27T10:25:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2025\/08\/ImageMFreportJuly2025.jpg?w=1920\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Joel Nelson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:description\" content=\"Yardi Matrix examines trends in demand, supply and operational expenses that are generating cautious optimism in the U.S. multifamily sector.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Joel Nelson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.yardi.com\/blog\/matrix-multifamily-report-july-2025\/\",\"url\":\"https:\/\/www.yardi.com\/blog\/matrix-multifamily-report-july-2025\/\",\"name\":\"Trends signal cautious optimism in U.S. multifamily\",\"isPartOf\":{\"@id\":\"https:\/\/www.yardi.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.yardi.com\/blog\/matrix-multifamily-report-july-2025\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.yardi.com\/blog\/matrix-multifamily-report-july-2025\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2025\/08\/ImageMFreportJuly2025.jpg\",\"datePublished\":\"2025-08-12T13:00:00+00:00\",\"dateModified\":\"2026-02-27T10:25:07+00:00\",\"author\":{\"@id\":\"https:\/\/www.yardi.com\/blog\/#\/schema\/person\/04eb5f3b4bd7f02475913d5982a422c8\"},\"description\":\"Rent growth, demand, supply, occupancy rate and operational expenses are among the trends examined in a new Yardi Matrix multifamily report.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.yardi.com\/blog\/matrix-multifamily-report-july-2025\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.yardi.com\/blog\/matrix-multifamily-report-july-2025\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.yardi.com\/blog\/matrix-multifamily-report-july-2025\/#primaryimage\",\"url\":\"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2025\/08\/ImageMFreportJuly2025.jpg\",\"contentUrl\":\"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2025\/08\/ImageMFreportJuly2025.jpg\",\"width\":1920,\"height\":1080,\"caption\":\"Skyline of a city\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.yardi.com\/blog\/matrix-multifamily-report-july-2025\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.yardi.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Trends signal cautious optimism in U.S. multifamily\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.yardi.com\/blog\/#website\",\"url\":\"https:\/\/www.yardi.com\/blog\/\",\"name\":\"Yardi Blog\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.yardi.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.yardi.com\/blog\/#\/schema\/person\/04eb5f3b4bd7f02475913d5982a422c8\",\"name\":\"Joel Nelson\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.yardi.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2026\/02\/JoelNelsonHeadshot.jpg?w=69\",\"contentUrl\":\"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2026\/02\/JoelNelsonHeadshot.jpg?w=69\",\"caption\":\"Joel Nelson\"},\"description\":\"Joel Nelson, senior marketing writer, joined Yardi in 2007. His byline has appeared in New York Real Estate Journal, Canadian Property Management and Los Angeles Lawyer, among others. He has won multiple awards from major professional organizations including the International Association of Business Communicators and Public Communicators of Los Angeles. Joel earned a bachelor\u2019s degree from Pomona College.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/joel-nelson-aa363113\/\"],\"url\":\"https:\/\/www.yardi.com\/blog\/author\/joel-nelson\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Yardi Blog","description":"Rent growth, demand, supply, occupancy rate and operational expenses are among the trends examined in a new Yardi Matrix multifamily report.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.yardi.com\/blog\/matrix-multifamily-report-july-2025\/","og_locale":"en_US","og_type":"article","og_title":"Trends signal cautious optimism in U.S. multifamily","og_description":"Yardi Matrix examines trends in demand, supply and operational expenses that are generating cautious optimism in the U.S. multifamily sector.","og_url":"https:\/\/www.yardi.com\/blog\/matrix-multifamily-report-july-2025\/","og_site_name":"Yardi Blog","article_published_time":"2025-08-12T13:00:00+00:00","article_modified_time":"2026-02-27T10:25:07+00:00","og_image":[{"url":"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2025\/08\/ImageMFreportJuly2025.jpg?w=1920","width":1920,"height":1080,"type":"image\/jpeg"}],"author":"Joel Nelson","twitter_card":"summary_large_image","twitter_description":"Yardi Matrix examines trends in demand, supply and operational expenses that are generating cautious optimism in the U.S. multifamily sector.","twitter_misc":{"Written by":"Joel Nelson","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.yardi.com\/blog\/matrix-multifamily-report-july-2025\/","url":"https:\/\/www.yardi.com\/blog\/matrix-multifamily-report-july-2025\/","name":"Trends signal cautious optimism in U.S. multifamily","isPartOf":{"@id":"https:\/\/www.yardi.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.yardi.com\/blog\/matrix-multifamily-report-july-2025\/#primaryimage"},"image":{"@id":"https:\/\/www.yardi.com\/blog\/matrix-multifamily-report-july-2025\/#primaryimage"},"thumbnailUrl":"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2025\/08\/ImageMFreportJuly2025.jpg","datePublished":"2025-08-12T13:00:00+00:00","dateModified":"2026-02-27T10:25:07+00:00","author":{"@id":"https:\/\/www.yardi.com\/blog\/#\/schema\/person\/04eb5f3b4bd7f02475913d5982a422c8"},"description":"Rent growth, demand, supply, occupancy rate and operational expenses are among the trends examined in a new Yardi Matrix multifamily report.","breadcrumb":{"@id":"https:\/\/www.yardi.com\/blog\/matrix-multifamily-report-july-2025\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.yardi.com\/blog\/matrix-multifamily-report-july-2025\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.yardi.com\/blog\/matrix-multifamily-report-july-2025\/#primaryimage","url":"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2025\/08\/ImageMFreportJuly2025.jpg","contentUrl":"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2025\/08\/ImageMFreportJuly2025.jpg","width":1920,"height":1080,"caption":"Skyline of a city"},{"@type":"BreadcrumbList","@id":"https:\/\/www.yardi.com\/blog\/matrix-multifamily-report-july-2025\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.yardi.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Trends signal cautious optimism in U.S. multifamily"}]},{"@type":"WebSite","@id":"https:\/\/www.yardi.com\/blog\/#website","url":"https:\/\/www.yardi.com\/blog\/","name":"Yardi Blog","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.yardi.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.yardi.com\/blog\/#\/schema\/person\/04eb5f3b4bd7f02475913d5982a422c8","name":"Joel Nelson","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.yardi.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2026\/02\/JoelNelsonHeadshot.jpg?w=69","contentUrl":"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2026\/02\/JoelNelsonHeadshot.jpg?w=69","caption":"Joel Nelson"},"description":"Joel Nelson, senior marketing writer, joined Yardi in 2007. His byline has appeared in New York Real Estate Journal, Canadian Property Management and Los Angeles Lawyer, among others. He has won multiple awards from major professional organizations including the International Association of Business Communicators and Public Communicators of Los Angeles. Joel earned a bachelor\u2019s degree from Pomona College.","sameAs":["https:\/\/www.linkedin.com\/in\/joel-nelson-aa363113\/"],"url":"https:\/\/www.yardi.com\/blog\/author\/joel-nelson\/"}]}},"jetpack_featured_media_url":"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2025\/08\/ImageMFreportJuly2025.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.yardi.com\/blog\/wp-json\/wp\/v2\/posts\/40855","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.yardi.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.yardi.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.yardi.com\/blog\/wp-json\/wp\/v2\/users\/610"}],"replies":[{"embeddable":true,"href":"https:\/\/www.yardi.com\/blog\/wp-json\/wp\/v2\/comments?post=40855"}],"version-history":[{"count":4,"href":"https:\/\/www.yardi.com\/blog\/wp-json\/wp\/v2\/posts\/40855\/revisions"}],"predecessor-version":[{"id":52505,"href":"https:\/\/www.yardi.com\/blog\/wp-json\/wp\/v2\/posts\/40855\/revisions\/52505"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.yardi.com\/blog\/wp-json\/wp\/v2\/media\/40856"}],"wp:attachment":[{"href":"https:\/\/www.yardi.com\/blog\/wp-json\/wp\/v2\/media?parent=40855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.yardi.com\/blog\/wp-json\/wp\/v2\/categories?post=40855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.yardi.com\/blog\/wp-json\/wp\/v2\/tags?post=40855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}