{"id":8407,"date":"2025-01-14T11:21:11","date_gmt":"2025-01-14T11:21:11","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=8407"},"modified":"2025-02-11T11:28:17","modified_gmt":"2025-02-11T11:28:17","slug":"average-advertised-asking-rents-fell-again-in-december","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/average-advertised-asking-rents-fell-again-in-december\/","title":{"rendered":"Average Advertised Asking Rents Fell Again in December, Reports Yardi Matrix"},"content":{"rendered":"\n<p><em>More than 400,000 units absorbed nationally through November<\/em><\/p>\n\n\n\n<p><strong>SANTA BARBARA, Calif., Jan. 14, 2025<\/strong>\u00a0\u2013 The U.S. multifamily market posted a weak performance at the end of 2024, with advertised asking rents down $4 to $1,742 in December, according to the latest\u00a0<a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/6651-MatrixMultifamilyNationalReport-December2024\">Yardi\u00ae Matrix Multifamily Report<\/a>.<\/p>\n\n\n\n<p>Year-over-year growth fell to 0.6 percent, marking the 16th consecutive month of increases below the one percent mark. Performance continued to vary by market and region.<\/p>\n\n\n\n<p>The U.S. occupancy rate remained unchanged year-over-year through November, at 94.7 percent. Notable occupancy performance was recorded in Austin (down 0.2 percent, while completions amounted to 7.5 percent of total stock) and Raleigh (unchanged year-over-year, while deliveries totaled 6.2 percent of existing stock).<\/p>\n\n\n\n<p>The single-family rental market trailed multifamily in 2024, also with regional variation in performance. Nationally, advertised asking rents fell $7 in December to $2,141, posting a 0.8 percent year-over-year drop, while occupancy remained unchanged in November at 95 percent. The SFR market surpassed multifamily in high-growth secondary metros including Greenville, S.C., Salt Lake City, Denver and Nashville.<\/p>\n\n\n\n<p>Gain more insight in the new\u00a0<a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/6651-MatrixMultifamilyNationalReport-December2024\">Yardi Matrix National Multifamily Report<\/a>.<\/p>\n\n\n\n<p>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, affordable housing, student housing, vacant land, industrial, office, retail and self storage property types. Email\u00a0<a href=\"mailto:matrix@yardi.com\" target=\"_blank\" rel=\"noreferrer noopener\">matrix@yardi.com<\/a>, call 480-663-1149 or visit\u00a0<a href=\"https:\/\/www.yardimatrix.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">yardimatrix.com<\/a>\u00a0to learn more.<\/p>\n\n\n\n<p><strong>About Yardi<\/strong><\/p>\n\n\n\n<p>Yardi\u00ae develops industry-leading software for all types and sizes of real estate companies across the world. With over 9,500 employees, Yardi is working with our clients to drive significant innovation in the real estate industry. For more information on how Yardi is Energized for Tomorrow, visit&nbsp;<a href=\"https:\/\/www.yardi.com\/\">yardi.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>More than 400,000 units absorbed nationally through November SANTA BARBARA, Calif., Jan. 14, 2025\u00a0\u2013 The U.S. multifamily market posted a weak performance at the end of 2024, with advertised asking rents down $4 to $1,742 in December, according to the latest\u00a0Yardi\u00ae Matrix Multifamily Report. Year-over-year growth fell to 0.6 percent, marking the 16th consecutive month [&hellip;]<\/p>\n","protected":false},"author":753,"featured_media":8408,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[28,29],"tags":[511],"class_list":["post-8407","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-press-releases","tag-multifamily-outlook-2024"],"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>Average Advertised Asking Rents Fell Again in December, Reports Yardi Matrix - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"More than 400,000 units absorbed nationally through November, the latest Yardi Matrix national report shows.\" \/>\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\/average-advertised-asking-rents-fell-again-in-december\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Average Advertised Asking Rents Fell Again in December, Reports Yardi Matrix\" \/>\n<meta property=\"og:description\" content=\"More than 400,000 units absorbed nationally through November, the latest Yardi Matrix national report shows.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/average-advertised-asking-rents-fell-again-in-december\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-14T11:21:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-11T11:28:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2025\/02\/Matrix_LinkedIn_Graphic_NationalReport_Multifamily_December_2024.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Razvan Cimpean\" \/>\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 Adler\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Average Advertised Asking Rents Fell Again in December, Reports Yardi Matrix - Yardi Matrix Blog","description":"More than 400,000 units absorbed nationally through November, the latest Yardi Matrix national report shows.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.yardimatrix.com\/blog\/average-advertised-asking-rents-fell-again-in-december\/","og_locale":"en_US","og_type":"article","og_title":"Average Advertised Asking Rents Fell Again in December, Reports Yardi Matrix","og_description":"More than 400,000 units absorbed nationally through November, the latest Yardi Matrix national report shows.","og_url":"https:\/\/www.yardimatrix.com\/blog\/average-advertised-asking-rents-fell-again-in-december\/","og_site_name":"Yardi Matrix Blog","article_published_time":"2025-01-14T11:21:11+00:00","article_modified_time":"2025-02-11T11:28:17+00:00","og_image":[{"width":1200,"height":630,"url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2025\/02\/Matrix_LinkedIn_Graphic_NationalReport_Multifamily_December_2024.jpg","type":"image\/jpeg"}],"author":"Razvan Cimpean","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Jeff Adler","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.yardimatrix.com\/blog\/average-advertised-asking-rents-fell-again-in-december\/#article","isPartOf":{"@id":"https:\/\/www.yardimatrix.com\/blog\/average-advertised-asking-rents-fell-again-in-december\/"},"author":{"name":"Razvan Cimpean","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/694c0c0a53e89aa8de1e53ff8201b3b6"},"headline":"Average Advertised Asking Rents Fell Again in December, Reports Yardi Matrix","datePublished":"2025-01-14T11:21:11+00:00","dateModified":"2025-02-11T11:28:17+00:00","mainEntityOfPage":{"@id":"https:\/\/www.yardimatrix.com\/blog\/average-advertised-asking-rents-fell-again-in-december\/"},"wordCount":291,"commentCount":0,"publisher":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.yardimatrix.com\/blog\/average-advertised-asking-rents-fell-again-in-december\/#primaryimage"},"thumbnailUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2025\/02\/Matrix_LinkedIn_Graphic_NationalReport_Multifamily_December_2024.jpg","keywords":["Multifamily Outlook 2024"],"articleSection":["News","Press Releases"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.yardimatrix.com\/blog\/average-advertised-asking-rents-fell-again-in-december\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.yardimatrix.com\/blog\/average-advertised-asking-rents-fell-again-in-december\/","url":"https:\/\/www.yardimatrix.com\/blog\/average-advertised-asking-rents-fell-again-in-december\/","name":"Average Advertised Asking Rents Fell Again in December, Reports Yardi Matrix - Yardi Matrix Blog","isPartOf":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.yardimatrix.com\/blog\/average-advertised-asking-rents-fell-again-in-december\/#primaryimage"},"image":{"@id":"https:\/\/www.yardimatrix.com\/blog\/average-advertised-asking-rents-fell-again-in-december\/#primaryimage"},"thumbnailUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2025\/02\/Matrix_LinkedIn_Graphic_NationalReport_Multifamily_December_2024.jpg","datePublished":"2025-01-14T11:21:11+00:00","dateModified":"2025-02-11T11:28:17+00:00","description":"More than 400,000 units absorbed nationally through November, the latest Yardi Matrix national report shows.","breadcrumb":{"@id":"https:\/\/www.yardimatrix.com\/blog\/average-advertised-asking-rents-fell-again-in-december\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.yardimatrix.com\/blog\/average-advertised-asking-rents-fell-again-in-december\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.yardimatrix.com\/blog\/average-advertised-asking-rents-fell-again-in-december\/#primaryimage","url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2025\/02\/Matrix_LinkedIn_Graphic_NationalReport_Multifamily_December_2024.jpg","contentUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2025\/02\/Matrix_LinkedIn_Graphic_NationalReport_Multifamily_December_2024.jpg","width":1200,"height":630,"caption":"Average Advertised Asking Rents Fell Again in December"},{"@type":"BreadcrumbList","@id":"https:\/\/www.yardimatrix.com\/blog\/average-advertised-asking-rents-fell-again-in-december\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.yardimatrix.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Average Advertised Asking Rents Fell Again in December, Reports Yardi Matrix"}]},{"@type":"WebSite","@id":"https:\/\/www.yardimatrix.com\/blog\/#website","url":"https:\/\/www.yardimatrix.com\/blog\/","name":"Yardi Matrix Blog","description":"Stay current with the latest commercial real estate market trends and forecasts","publisher":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.yardimatrix.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.yardimatrix.com\/blog\/#organization","name":"Yardi Matrix","url":"https:\/\/www.yardimatrix.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2020\/11\/Inline_Matrix_Color_es-1.jpg","contentUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2020\/11\/Inline_Matrix_Color_es-1.jpg","width":200,"height":39,"caption":"Yardi Matrix"},"image":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.linkedin.com\/company\/yardi-matrix\/","https:\/\/www.youtube.com\/channel\/UCRHgAZL4YoyeNEdiRN5uj0g"]},{"@type":"Person","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/694c0c0a53e89aa8de1e53ff8201b3b6","name":"Razvan Cimpean","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/a2a826ff843b4f800ff5528644dc28dc336a20ec16082b6108ff5a5def333e6d?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a2a826ff843b4f800ff5528644dc28dc336a20ec16082b6108ff5a5def333e6d?s=96&d=mm&r=g","caption":"Razvan Cimpean"},"url":""}]}},"jetpack_featured_media_url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2025\/02\/Matrix_LinkedIn_Graphic_NationalReport_Multifamily_December_2024.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts\/8407","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/users\/753"}],"replies":[{"embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/comments?post=8407"}],"version-history":[{"count":1,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts\/8407\/revisions"}],"predecessor-version":[{"id":8409,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts\/8407\/revisions\/8409"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/media\/8408"}],"wp:attachment":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/media?parent=8407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/categories?post=8407"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/tags?post=8407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}