{"id":41835,"date":"2025-12-09T06:00:00","date_gmt":"2025-12-09T14:00:00","guid":{"rendered":"https:\/\/www.yardi.com\/blog\/?p=41835"},"modified":"2026-02-27T02:22:25","modified_gmt":"2026-02-27T10:22:25","slug":"matrix-multifamily-report-november-2025","status":"publish","type":"post","link":"https:\/\/www.yardi.com\/blog\/matrix-multifamily-report-november-2025\/","title":{"rendered":"Yardi Matrix: U.S. multifamily rents remain in decline"},"content":{"rendered":"
<\/figure>\n

\u201cU.S. multifamily advertised rents have hit a soft patch, dropping $8 in November to $1,740, the fourth straight month with negative growth,\u201d states a new National Multifamily Report from Yardi Matrix<\/a>.<\/p>\n

Several factors are driving this persistent drop, including seasonality, as the winter months are a historically weak period for rent growth. Supply-demand imbalance, as a large delivery pipeline, remains to be absorbed in an environment of weak consumer confidence and slowing job growth.<\/p>\n

Spotlight on investment opportunities<\/h2>\n

Regarding real estate investment, the new report provides an in-depth look at opportunity zones, which offer tax incentives for investments in low-income areas. Created in 2017 with about 8,700 zones, the program was renewed in this year\u2019s tax law and includes new incentives around rural area investment and property basis thresholds.<\/p>\n

\u201cNow that the program has been made permanent and benefits have been tested by the market, institutions are taking a long look at both equity and debt [opportunity zone] platforms,\u201d the national report notes.<\/p>\n

Single-family rents also dip<\/h2>\n

Many of the forces affecting multifamily are also resonating in the single-family build-to-rent sector, where advertised rates fell by $10 to $2,185 in November, with year-over-year growth registering -0.5%.<\/p>\n

\u201cThough some winter softening is normal, this year\u2019s drop, after 1.4% gains in both 2023 and 2024, signals slowing demand,\u201d the report notes.<\/p>\n

See the latest insights on multifamily housing, the single-family build-to-rent segment and the investment landscape in the Yardi Matrix National Multifamily Report<\/a> for November 2025.<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"

U.S. multifamily advertised rents dropped in November 2025, marking the fourth consecutive month of decline. Seasonal factors and supply\/demand imbalance are key drivers, according to Yardi Matrix.<\/p>\n","protected":false},"author":610,"featured_media":41836,"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":[1169],"class_list":["post-41835","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-matrix","category-multifamily","tag-yardi-matrix"],"acf":[],"yoast_head":"\nYardi Blog<\/title>\n<meta name=\"description\" content=\"Read how rising rents, high levels of supply and investment opportunities are impacting the U.S. multifamily and single-family BTR sectors.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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