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.”
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