Matrix

Although national rent growth continues to decrease, May's performance shows a chance for optimism, according to a Yardi Matrix report on 127 markets.

Rents have decreased 0.5 percent month-over-month, according to a Yardi Matrix report on 127 markets.

Despite impact from the coronavirus, rent growth increased 2.9 percent in March, according to a Yardi Matrix survey of 127 markets.

Rents increased 3.2 percent in February on a year-over-year basis, matching the previous month's growth rate, according to a Yardi Matrix survey of 127 markets. 

Despite another monthly decline, year-over-year rent growth remained at 3 percent, according to a Yardi Matrix survey of 127 markets.

Despite another slight drop in December, year-over-year growth remained between 3 and 3.3 percent for all 12 months.

Despite a November decrease, the national rent growth level has remained at 3 percent or higher since last spring.

Phoenix has jumped ahead as the highest-performing metro with a 7.9 percent increase in rent growth.

Despite a 20 basis-point decline in year-over-year growth, the market remains healthy, according to a Yardi Matrix survey of 127 markets.

Long-term rent growth has been steady at more than 3 percent for the past 12 months, according to a Yardi Matrix survey of 127 markets.

Year-over-year rent growth rose to 3.4 percent, up 10 basis points from June, according to a Yardi Matrix survey of 127 markets.

Average rents for the month jumped 3.3 percent year-over-year, 40 basis points more than they increased in May, according to a Yardi Matrix survey of 127 markets.