{"id":2820,"date":"2022-01-06T12:59:00","date_gmt":"2022-01-06T12:59:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=2820"},"modified":"2023-09-21T11:07:21","modified_gmt":"2023-09-21T11:07:21","slug":"inland-empire-multifamily-market-report-fall-2021","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/inland-empire-multifamily-market-report-fall-2021\/","title":{"rendered":"Inland Empire Multifamily Market Report (Fall 2021)"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Rent, Investment Performance Accelerate<\/h2>\n\n\n\n<p>The<strong> Inland Empire\u2019s multifamily market is booming<\/strong>. Rents averaged $1,993 in October, a 1.9% increase on a trailing three-month (T3) basis. The metro\u2019s year-over-year rent gains of 18.5% far surpassed the 13.7% national figure for the same period and, given the market\u2019s lower costs compared to the neighboring Los Angeles metro, this strong expansion is expected to continue. Lifestyle and working-class Renter-by-Necessity figures increased on a T3 basis by 1.9% and 1.8%, respectively, to $2,350 and $1,727, alongside solid upticks in occupancy.<\/p>\n\n\n\n<p>The metro added 65,700 jobs during the 12 months ending in August, a year-over-year increase of 4.5%. Although the unemployment rate fell to 6.6% in September, it remained significantly higher than the 4.8% national figure. The Inland Empire\u2019s trade, transportation and utilities sector\u2014the metro\u2019s largest\u2014grew the most, adding 25,400 jobs alongside sustained, heightened distribution and e-commerce activity.<\/p>\n\n\n\n<p>More than 2,700 units were under construction at the end of October, but deliveries are expected to slightly exceed 1,900 units by year-end, a decrease of more than 40% compared to 2020. As development slowed, investment activity rose swiftly: Transactions totaled $1.9 billion year-to-date through October, putting the market on track to meet or surpass the 2016 cycle high of $2.2 billion.<\/p>\n\n\n\n<p>Read the full <strong><a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/1377-MatrixMultifamilyInlandEmpireReport-Fall2021\">Matrix Multifamily Inland Empire Report-Fall 2021<\/a><\/strong><\/p>\n\n\n\n<div class=\"wp-block-spacer\" style=\"height: 44px;\" aria-hidden=\"true\">\u00a0<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Rent, Investment Performance Accelerate The Inland Empire\u2019s multifamily market is booming. Rents averaged $1,993 in October, a 1.9% increase on a trailing three-month (T3) basis. The metro\u2019s year-over-year rent gains of 18.5% far surpassed the 13.7% national figure for the same period and, given the market\u2019s lower costs compared to the neighboring Los Angeles metro, [&hellip;]<\/p>\n","protected":false},"author":650,"featured_media":2821,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,28,4],"tags":[111,221],"class_list":["post-2820","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro-reports","category-news","category-real-estate-trends","tag-inland-empire","tag-multifamily-outlook-2021"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Inland Empire Multifamily Market Report (Fall 2021) - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"The Inland Empire\u2019s multifamily market is booming. Rents averaged $1,993 in October, a 1.9% increase on a trailing three-month (T3) basis.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yardimatrix.com\/blog\/inland-empire-multifamily-market-report-fall-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Inland Empire Multifamily Market Report (Fall 2021)\" \/>\n<meta property=\"og:description\" content=\"The Inland Empire\u2019s multifamily market is booming. Rents averaged $1,993 in October, a 1.9% increase on a trailing three-month (T3) basis.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/inland-empire-multifamily-market-report-fall-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-06T12:59:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-21T11:07:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/01\/Inland-Empire-iStock-1349094032.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"lilianam\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jeff Hamann\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Inland Empire Multifamily Market Report (Fall 2021) - Yardi Matrix Blog","description":"The Inland Empire\u2019s multifamily market is booming. 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