Matrix Reports
Kansas City’s New Look
Kansas City is in the midst of a transformation, growing as a financial and research center, with increased investment in infrastructure, all of which support multifamily fundamentals.
US Rent Growth Falls Below Long-Term Average
Average U.S. monthly rents increased by $3 to $1,314, the smallest growth seen since April 2011, when rates increased 1.5 percent.
Dallas Job Stats Point to Continued Growth
According to the Bureau of Labor Statistics, Dallas trails only New York City when it comes to job creation, meaning that people will continue to flock to the Texan city for work. The city’s current 95.1 percent occupancy rate indicates that it doesn’t have the massive multifamily shortage seen in other metros.
Philadelphia’s Apartment Revival
Yardi Matrix’s spring outlook for the City of Brotherly Love cites steady employment and population increases as a reason for the market’s increase in popularity. Demand is especially strong among job-seeking Millennials and Baby Boomers looking to downsize.
Rent Growth
Rents were up 2.7% nationwide in March, down 10 basis points from February and exactly half the 5.4% growth rate of a year ago.
March Rent Jumps Significantly
According to Yardi Matrix, MMarch marked the first rent increase in five months, reflecting unexpected growth in the face of tax and regulatory uncertainty.
Yardi Matrix: San Jose—Peak Market, Weak Appreciation
Silicon Valley remains the largest technology hub in the nation and the anchor of the Bay Area.
Yardi Matrix: Fever Pitch—Atlanta Demand Heats Up
Atlanta’s multifamily market benefits from a diversified economy, a healthy development pipeline and high investor demand.
Rent Growth
Rents were up 2.8% nationwide in February, down 40 basis points from January and roughly half the 5.5% growth rate of a year ago.