Rent Growth

December’s year-over-year 2.5 percent increase was up 20 basis points over the previous month, and overall rents were $4 below their all-time high of $1,363, which was achieved in September.

Year-over-year, all asset classes

National average includes 121 markets tracked by Matrix, not just the 30 metros listed above. Source: Yardi Matrix December 2017 Monthly Report
National average includes 121 markets tracked by Matrix, not just the 30 metros listed above.
Source: Yardi Matrix December 2017 Monthly Report

December’s year-over-year 2.5 percent increase was up 20 basis points over the previous month, and overall rents were $4 below their all-time high of $1,363, which was achieved in September. Rents were down 0.3 percent in the fourth quarter, which is only the second negative quarter of growth nationally since the second quarter of 2010 (Rents also fell 0.2 percent in the fourth quarter of 2016.).