Rent Growth
Despite the slight drop in overall rents, the year-over-year rate of growth increased to 2.5% nationwide in November, up 10 basis points over October. Overall rents are now $4 off their all-time high of $1,362, 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 November 2017 Monthly Report
