Richmond\u2019s multifamily market started 2026 on solid footing, building on last year\u2019s momentum, according to the latest Yardi Matrix Richmond multifamily market report. The average advertised asking rent climbed 0.4%, on a trailing three-month basis through February, to $1,619, while the national average ticked down 0.1%, as noted in the most recent U.S. multifamily market report<\/strong><\/a>. Richmond recorded one of the country\u2019s highest year-over-year rent improvements, at 3.6% through February. Yet, following two years of strong supply growth, the metro\u2019s occupancy rate in stabilized assets slid 30 basis points over 12 months, to 94.8%.<\/p>\n