{"id":8426,"date":"2025-02-11T11:25:11","date_gmt":"2025-02-11T11:25:11","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=8426"},"modified":"2025-02-18T11:34:59","modified_gmt":"2025-02-18T11:34:59","slug":"us-rent-growth-ticks-up-to-start-2025","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/us-rent-growth-ticks-up-to-start-2025\/","title":{"rendered":"U.S. Rent Growth Ticks Up to Start 2025, Reports Yardi Matrix"},"content":{"rendered":"\n

Average asking rents increased after six months of declines<\/em><\/p>\n\n\n\n

SANTA BARBARA, Calif., Feb. 11, 2025<\/strong>\u00a0\u2013 The U.S. multifamily market began 2025 on a promising note, with January advertised asking rents up $3 from the previous month to $1,746, according to the latest Yardi\u00ae Matrix National Multifamily Report<\/strong><\/a>.<\/p>\n\n\n\n

Rent growth gained 20 basis points to 0.8 percent year-over-year, led by metros in the Northeast and Midwest. Meanwhile, roughly 400,000 units were absorbed in 2024, one of the highest years on record.<\/p>\n\n\n\n

Despite strong absorption, stock expansion has pressured the occupancy rate to decline in many markets, including Austin, Texas; Charlotte, N.C.; and Nashville, Tenn. The national occupancy rate fell to 94.5 percent in January, its lowest level since 2014.<\/p>\n\n\n\n

Cautious optimism is the prevailing market sentiment as 2025 begins. The optimism is fueled by steady economic growth and expectations that 2024\u2019s high demand will persist. Caution stems from interest rates, which are expected to remain higher than anticipated, and heightened policy uncertainty.<\/p>\n\n\n\n

Advertised asking rents in the single-family rental market increased by $5 to $2,157 in January, with year-over-year growth up by 20 basis points to -0.2 percent. The average SFR occupancy rate fell 0.7 percent year-over-year to 94.7 percent in January. U.S. home sales were down to 4 million in 2024, which will fuel demand for SFR. Investor demand is rising, as issuers floated $7.8 billion of bonds backed by SFR in 2024, one of the highest totals in market history.<\/p>\n\n\n\n

Gain more insight in the new\u00a0Yardi Matrix National Multifamily Report<\/strong><\/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, student housing, vacant land, industrial, office, retail and self storage property types. Email\u00a0matrix@yardi.com<\/a>, call (480) 663-1149 or visit\u00a0yardimatrix.com<\/a>\u00a0to 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 9,000 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":"

Average asking rents increased after six months of declines SANTA BARBARA, Calif., Feb. 11, 2025\u00a0\u2013 The U.S. multifamily market began 2025 on a promising note, with January advertised asking rents up $3 from the previous month to $1,746, according to the latest Yardi\u00ae Matrix National Multifamily Report. Rent growth gained 20 basis points to 0.8 […]<\/p>\n","protected":false},"author":753,"featured_media":8427,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[28,29],"tags":[513,388],"class_list":["post-8426","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-press-releases","tag-multifamily-outlook-2025","tag-single-family-rental-sector"],"yoast_head":"\nU.S. Rent Growth Ticks Up to Start 2025, Reports Yardi Matrix - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Average asking rents increased after six months of declines, according to the January 2025 Yardi Matrix National Multifamily 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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