Yardi Matrix Multifamily Forecast Offers a Positive Outlook
Overall strong economic indicators support prediction of continued rent growth
SANTA BARBARA, Calif., Sept. 21, 2016 – With strong rent growth in most metropolitan areas, employment gains and low inflation countering weaker-than-expected gross domestic product, Yardi® Matrix forecasts moderate U.S. rent growth as 2017 approaches.
A new national market outlook report from Yardi Matrix, “U.S. Multifamily Outlook 2016,” points to ongoing economic recovery in the U.S. and diminishing capital market volatility as key harbingers of modest but steady rent growth. Nationally, rents were up 5% year-over-year through August; demand from growing millennial and retiree populations, coupled with peaking rental unit construction, promises more of the same, according to the report.
“Although we expect demand and occupancy levels to remain healthy, we forecast more moderation in rents in line with wage increases and affordability issues,” the report states.
To view the full report, click here.
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.
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.