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According to the latest Yardi Matrix Multifamily Report, 2024 multifamily finished the year on the downswing, with the average U.S. advertised rent falling $4 nationally in December to $1,742. Year-over-year rent growth, which remains positive albeit weak, was down 10 basis points to 0.6%. However, Yardi says the trends that shaped 2024 remained in place to the end, with demand staying robust throughout the year in most regions.
“The market enters 2025 walking a tightrope, with heavy supply growth balanced by equally strong demand. Clearly, 2025 promises change. Starts have dropped, and completions will wane soon. On the demand side, absorption will be boosted by healthy job growth and demographics..”
Click here to read the full report at Yardi.
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