Matrix Monthly Reports National Rental Upswing in April


Average rents rose 4.3% since April 2014 but trailed February 2015 mark

SANTA BARBARA, CALIF., April 28, 2015 – The April 2015 edition of Matrix Monthly, a report on U.S. apartment market trends from Yardi®, documents a 4.3% year-over-year increase in average rents across the country. The average multifamily rent of $1,105 in April represented a one-month increase of 0.7%. The all-time high of $1,108 was recorded in February 2015.

Strong rent escalation in San Francisco, Denver, Seattle and Portland, Ore., accounted for much of the average rent increase in April. Demand for higher-end product also contributed to this trend.

Matrix Monthly is a monthly survey of apartment owners in the 84 U.S. markets covered by Yardi’s Pierce-Eislen business unit. Brokers, sponsors, banks and equity sources that underwrite multifamily investment transactions use the report as a business development tool.

To view the latest Matrix Monthly, visit here. To subscribe to Matrix Monthly, visit here. Email [email protected] or call 408-663-1149 with questions or comments.

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