{"id":8492,"date":"2025-02-12T15:42:52","date_gmt":"2025-02-12T15:42:52","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=8492"},"modified":"2025-03-18T06:43:43","modified_gmt":"2025-03-18T06:43:43","slug":"national-multifamily-market-report-january-2025","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/national-multifamily-market-report-january-2025\/","title":{"rendered":"National Multifamily Market Report \u2013 January 2025"},"content":{"rendered":"\n

Read the latest Yardi Matrix National Multifamily Market Report<\/a><\/strong>.<\/p>\n\n\n\n

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Rents spark growth at the start of 2025, up 0.8% year-over-year, according to Yardi Matrix\u2019s latest national multifamily market report.<\/em><\/p>\n\n\n\n

Report highlights:<\/h2>\n\n\n\n
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  • National advertised asking rents gained $3 to $1,746 in January, up 0.8% year-over-year.<\/li>\n\n\n\n
  • Rent growth inched up across segments, slightly higher in Renter-by-Necessity.<\/li>\n\n\n\n
  • Supply pipeline surpasses otherwise strong absorption, and the occupancy rate falls to its lowest level since 2014.<\/li>\n\n\n\n
  • Advertised asking rents in the single-family rental market also increased following several months of declines.<\/li>\n<\/ul>\n\n\n\n

    Rent growth rebounds, occupancy below 95.0%<\/h2>\n\n\n\n

    The U.S. multifamily market resumed rent growth at the start of 2025, with the average advertised asking rent marking the first increase following six months of contractions. The U.S. figure gained $3 to $1,746 in January, up 0.8% year-over-year. Rent growth remained strongest in metros in the Northeast and Midwest, including New York City (5.4%), New Jersey (4.2%), Detroit (4.1%), Kansas City (3.9%) and Philadelphia (3.1%). Meanwhile, Austin (-5.4%) continued to rank lowest, alongside Raleigh (-3.5%), Phoenix (-2.4%), Atlanta (-2.2%) and Orlando (-2.0%).<\/p>\n\n\n\n