{"id":8413,"date":"2024-12-11T11:39:00","date_gmt":"2024-12-11T11:39:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=8413"},"modified":"2025-02-11T11:43:19","modified_gmt":"2025-02-11T11:43:19","slug":"multifamily-advertised-asking-rents-fall-again-in-november","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/multifamily-advertised-asking-rents-fall-again-in-november\/","title":{"rendered":"Multifamily Advertised Asking Rents Fall Again in November, Reports Yardi Matrix"},"content":{"rendered":"\n

Rent growth remained just below one percent, with significant regional variations<\/em><\/p>\n\n\n\n

SANTA BARBARA, Calif., Dec. 11, 2024<\/strong>\u00a0\u2013 \u00a0Advertised asking rents continued to decrease for the U.S. multifamily market in November, down $5 to $1,744, according to the latest\u00a0Yardi\u00ae Matrix Multifamily Report<\/a>.<\/p>\n\n\n\n

Year-over-year rent growth was consistent with the levels recorded throughout the year at just under one percent, down 10 basis points to 0.9 percent. Performance remained mixed by region, with 16 of Yardi Matrix\u2019s top 30 metros posting positive rent movement and 14 marking asking rent contractions.<\/p>\n\n\n\n

The national occupancy rate in October was unchanged year-over-year, at 94.7 percent. Significant growth in occupancy was reported in Las Vegas (1.0 percent) and Portland, OR and Detroit (both 0.6 percent).<\/p>\n\n\n\n

The performance of the single-family rental market remained sluggish. SFR advertised asking rents fell $7 in November to $2,150, for a modest 0.3 percent year-over-year increase. SFR occupancy fell 40 basis points year-over-year through October to 95.1 percent.<\/p>\n\n\n\n

Gain more insight in the new\u00a0Yardi Matrix National Multifamily Report<\/a>.<\/p>\n\n\n\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, affordable housing, student housing, vacant land, industrial, office, retail and self storage property types. Email matrix@yardi.com<\/a>, call 480-663-1149 or visit yardimatrix.com<\/a> to learn more.<\/p>\n\n\n\n

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

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 yardi.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Rent growth remained just below one percent, with significant regional variations SANTA BARBARA, Calif., Dec. 11, 2024\u00a0\u2013 \u00a0Advertised asking rents continued to decrease for the U.S. multifamily market in November, down $5 to $1,744, according to the latest\u00a0Yardi\u00ae Matrix Multifamily Report. Year-over-year rent growth was consistent with the levels recorded throughout the year at just […]<\/p>\n","protected":false},"author":753,"featured_media":8414,"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-8413","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-press-releases","tag-multifamily-outlook-2024"],"yoast_head":"\nMultifamily Advertised Asking Rents Fall Again in November, Reports Yardi Matrix - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Rent growth remained just below one percent, with significant regional variations, according to Yardi Matrix data.\" \/>\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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