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Multifamily Rents Keep Rising in April, Says Yardi Matrix
Click on image to enlarge. Santa Barbara, Calif.—Some observers expected rent growth to moderate in 2016 after two years of above-trend increases. That hasn’t happened yet. The average national apartment rental rate rose $13 in April to $1,194, the fourth consecutive all-time high, according to Matrix Monthly, a market report compiled
Economy Watch: Office Market Gains Ground in ’15
By Dees Stribling, Contributing Editor The U.S. office market is getting healthier, according to Reis’ report on the market for the fourth quarter of 2015, which the company released on Tuesday. Vacancies are down, absorption is up, and rents are growing. In fact, some metro areas—New York, Seattle, most California markets—are
Apartment Rents Continue Upward Climb Amidst Affordability Concerns
Amalia Otet, Rentcafe By Amalia Otet, Real Estate Writer, RENTCafé Apartments The U.S. rental market is on fire, with most metros around the country experiencing significant rent growth and increased demand for apartment living. The national average rent has grown by 6.5 percent year-over-year, reaching a record high of $1,155 in July,
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