Matrix

March marked a milestone for the U.S. multifamily market, with rents appreciating 0.6 percent year-over-year, according to Yardi Matrix’s monthly survey of 134 markets.

If current trends continue, February could be the last month to see a national decline, according to Yardi Matrix.

Still on a downward trend, year-over-year rent growth showed some positive signs, according to a Yardi Matrix survey of 130 markets.

Rents declined $4 to $1,462, marking the largest one-month decline since the beginning of the pandemic.

Despite rents declining 0.5 percent year-over-year, more than 100 secondary and tertiary markets are performing better than the national average.

Rents fell 0.6 percent year-over-year, according to a Yardi Matrix survey of 127 markets.

Although there is still uncertainty due to the pandemic, the multifamily industry continues to hold up well with rents decreasing only 0.3 percent year-over-year.

According to a Yardi Matrix survey of 127 markets, rents have increased this month by $1 to $1,463.

Year-over-year rent growth remained negative nationally at -0.3 percent, unchanged from last month, according to a Yardi Matrix survey of 127 markets. 

Year-over-year growth turned negative for the first time since 2010, falling to -0.4 percent, according to a Yardi Matrix survey of 127 markets.

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.