{"id":3132,"date":"2022-02-09T09:44:33","date_gmt":"2022-02-09T09:44:33","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=3132"},"modified":"2023-09-21T07:42:32","modified_gmt":"2023-09-21T07:42:32","slug":"multifamily-rent-gains-continue-in-january-2022-yardi-matrix-reports","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/multifamily-rent-gains-continue-in-january-2022-yardi-matrix-reports\/","title":{"rendered":"Multifamily Rent Gains Continue in January 2022, Yardi Matrix Reports"},"content":{"rendered":"\n

Asking rents rose $8 to<\/em><\/strong> a record $1,604; year-over-year<\/strong><\/em> growth was nearly 14 percent<\/em><\/strong><\/p>\n\n\n\n

SANTA BARBARA, Calif., Feb. 8, 2022<\/strong> \u2013 Multifamily asking rent gains continued in January, rising $8 to a U.S. average of $1,604, according to the latest Yardi Matrix Multifamily National Report<\/a>.

The latest gain defied normal seasonal expectations and continued a trend established last year, a historic period for multifamily asking rent growth. Year-over-year, rents increased 13.9 percent.

While rents are unlikely to remain in that growth range throughout 2022, January\u2019s performance is a sign that demand remains healthy. Some 460,000 multifamily units were absorbed in 2021, according to Yardi\u00ae<\/sup> Matrix data, more than double the previous year and more than 50 percent above the previous annual high.

Absorption in 2021 was led by Dallas and Houston. Five of the next six highest performers were gateway metros Miami, New York, Chicago, Washington and Los Angeles, all of which absorbed some 20,000 units or more.

Freddie Mac\u2019s 2022 multifamily outlook sums up the market: \u201cThe strong economic conditions along with unprecedented levels of demand for multifamily housing have combined to create robust apartment market conditions in 2021,\u201d the report said. \u201cWhile there are still uncertainties, such as increasing inflation or more transmissible variants of the COVID-19 virus … the multifamily market is expected to be on solid ground in the short term.\u201d

Learn more in the latest Yardi Matrix Multifamily National Report<\/a>.

Yardi Matrix offers the industry\u2019s most comprehensive market intelligence tool for investment professionals, equity investors, lenders and property managers who underwrite and manage investments in commercial real estate. Yardi Matrix covers multifamily, student housing, industrial, office and self storage property types. Email matrix@yardi.com<\/a>, call 480-663-1149<\/a> or visit yardimatrix.com<\/a> to learn more.<\/p>\n\n\n\n

About Yardi<\/strong><\/p>\n\n\n\n

Yardi\u00ae<\/sup> develops and supports industry-leading investment and property management software for all types and sizes of real estate companies. Established in 1984, Yardi is based in Santa Barbara, Calif., and serves clients worldwide. For more information on how Yardi is Energized for Tomorrow, visit yardi.com<\/a>.<\/p>\n\n\n\n

<\/div>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Asking rents rose $8 to a record $1,604; year-over-year growth was nearly 14 percent SANTA BARBARA, Calif., Feb. 8, 2022 \u2013 Multifamily asking rent gains continued in January, rising $8 to a U.S. average of $1,604, according to the latest Yardi Matrix Multifamily National Report. The latest gain defied normal seasonal expectations and continued a trend established […]<\/p>\n","protected":false},"author":650,"featured_media":3136,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[28,29],"tags":[444],"class_list":["post-3132","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-press-releases","tag-multifamily-outlook-2022"],"yoast_head":"\nMultifamily Rent Gains Continue in January 2022, Yardi Matrix Reports - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Multifamily asking rent gains continued in January, rising $8 to a U.S. average of $1,604, according to the latest Yardi Matrix Multifamily National Report.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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