{"id":736,"date":"2021-04-07T09:00:13","date_gmt":"2021-04-07T09:00:13","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=736"},"modified":"2023-04-13T12:40:42","modified_gmt":"2023-04-13T12:40:42","slug":"multifamily-rents-edge-up-in-march-reports-yardi-matrix","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/multifamily-rents-edge-up-in-march-reports-yardi-matrix\/","title":{"rendered":"Multifamily Rents Edge Up in March, Reports Yardi Matrix"},"content":{"rendered":"

Nationally, multifamily rents had one of the strongest first quarters in a few years<\/em><\/p>\n

SANTA BARBARA, Calif., April 7, 2021<\/strong> \u2013 Rents are on the rise across the country, and that\u2019s a positive indicator for the industry and the economy at large, reports Yardi\u00ae Matrix. Multifamily rents increased<\/strong><\/a> by 0.6% on a year-over-year basis in March, with the national average rising by $6 to $1,407.<\/p>\n

\u201cNationally, multifamily rents had one of the strongest first quarters in a few years, with rents up 0.8% from the previous quarter. In the first quarter of 2020, the effects of the pandemic were just beginning to set in,\u201d wrote analysts in the March Matrix Multifamily National Report. Out of our 134 markets surveyed, 114 had flat or positive YoY rent growth.<\/p>\n

Leading the way were affordable cities and suburbs in the West, with the Inland Empire (8.3%), Sacramento (7.3%) and Phoenix (6.9%) leading national tallies in year-over-year rent growth.<\/p>\n

$50 billion of emergency rental assistance and other support to the housing industry is included in the most recent federal aid package, which may prompt further positive months. \u201cThis funding is bound to have a positive effect on occupancy and rent growth throughout 2021,\u201d analysts state.<\/p>\n

Find in-depth analysis of national multifamily trends in the new Matrix Multifamily National Report<\/a><\/strong>. You can also join a live webinar with insights and in-depth analysis<\/strong><\/a> from the Matrix team, led by vice president Jeff Adler, on Thursday, April 15.<\/p>\n

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

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

Yardi\u00ae 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","protected":false},"excerpt":{"rendered":"

Nationally, multifamily rents had one of the strongest first quarters in a few years SANTA BARBARA, Calif., April 7, 2021 \u2013 Rents are on the rise across the country, and that\u2019s a positive indicator for the industry and the economy at large, reports Yardi\u00ae Matrix. Multifamily rents increased by 0.6% on a year-over-year basis in […]<\/p>\n","protected":false},"author":650,"featured_media":737,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[28,29],"tags":[221],"class_list":["post-736","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-press-releases","tag-multifamily-outlook-2021"],"yoast_head":"\nMultifamily Rents Edge Up in March, Reports Yardi Matrix - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Multifamily rents increased by 0.6% on a year-over-year basis in March, with the national average rising by $6 to $1,407.\" \/>\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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