Multifamily Rents Still Rising Amid Signs of Moderation

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National rental rate reaches another all-time high in March

SANTA BARBARA, Calif., March 31, 2016 – The average national apartment rental rate rose $6 in March to another all-time high of $1,181, according to Matrix Monthly, a market report compiled by Yardi® Matrix.

To see the full March report, click here.

Several metros made repeat appearances atop the list of strongest performers, including Portland, Ore., San Francisco, Sacramento, Calif., Denver and Seattle.

“Despite the good performance, rent growth continues to moderate,” the report says, noting a decline of 70 basis points from January. “It is too early to say whether the market is turning or if today’s concerns are a product of global volatility and will prove to be temporary.”

Yardi Matrix is a business development tool for brokers, sponsors, banks and equity sources underwriting investments in the multifamily sector. Email [email protected], call 480-663-1149 or visit www.yardimatrix.com to learn more.

About Yardi

Yardi® develops and supports industry-leading investment and property management software for all types and sizes of real estate companies. Established in 1984, Yardi is based in Santa Barbara, Calif., and serves clients worldwide. For more information, visit www.yardi.com.

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