{"id":986,"date":"2021-05-07T07:47:00","date_gmt":"2021-05-07T07:47:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=986"},"modified":"2023-09-12T15:47:35","modified_gmt":"2023-09-12T15:47:35","slug":"multifamily-rents-rose-last-month-indicating-pandemic-recovery","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/multifamily-rents-rose-last-month-indicating-pandemic-recovery\/","title":{"rendered":"Multifamily Rents Rose Last Month, Indicating Pandemic Recovery"},"content":{"rendered":"\n

All top 30 markets had positive month-over-month rent growth in April, reports Yardi Matrix<\/em><\/p>\n\n\n\n

SANTA BARBARA, Calif., May 7, 2021<\/strong> \u2013 The multifamily market is rebounding from the pandemic at a rapid clip, and gateway markets are now seeing positive performance indicators for the first time in many months. The latest Yardi Matrix Multifamily National Report<\/a><\/strong> has much good news for owners and investors, including a 1.6 percent year-over-year rent bump.<\/p>\n\n\n\n

\u201cThat is the largest increase that we have seen since the beginning of the pandemic,\u201d said Matrix analysts. Overall rents increased by $10 in April to $1,417. The last time overall rents increased by that amount in a month was June 2015. It was also the largest year-over-year jump since March 2020.<\/p>\n\n\n\n

Out of the top 30 markets Matrix reported on, 24 had month-over-month rent growth greater than 0.5%. Of particular significance were the gains in gateway markets. Miami leads the gateway markets with 0.8% rent growth on a trailing 3-month basis. All other gateways had positive trailing 3-month rent growth, with Chicago (0.5%) and Boston (0.4%) showing strong gains. Washington, D.C. (0.2%), New York, San Francisco and Seattle (all 0.1%) are further back in the recovery process.<\/p>\n\n\n\n

\u201cWe expect the gains in these markets to strengthen as we head into the summer,\u201d states the report. Find more good news and in-depth analysis for multifamily<\/a><\/strong> from Yardi Matrix.<\/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, industrial, office 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 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\n\n\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

All top 30 markets had positive month-over-month rent growth in April, reports Yardi Matrix SANTA BARBARA, Calif., May 7, 2021 \u2013 The multifamily market is rebounding from the pandemic at a rapid clip, and gateway markets are now seeing positive performance indicators for the first time in many months. The latest Yardi Matrix Multifamily National […]<\/p>\n","protected":false},"author":650,"featured_media":988,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[28,29],"tags":[309,14],"class_list":["post-986","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-press-releases","tag-multifamily-rent-trends","tag-national-multifamily-report"],"yoast_head":"\nMultifamily Rents Rose Last Month, Indicating Pandemic Recovery - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"The multifamily market is rebounding from the pandemic at a rapid clip, and gateway markets are now seeing positive performance indicators for the first time in many months.\" \/>\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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