Special Research Bulletins

BTR Garage Premiums-June 2026

A cross-sectional analysis of 1,574 rental townhome communities finds that attached garages command up to $4,440 per unit annually in additional rent — and create as much as $38,000 per unit in implied asset value.

Yardi Matrix Self Storage Supply Forecast Update-Q2 2026

The overall shape of the Q2 2026 self storage supply forecast update remains unchanged. New supply is forecast to decline to 1.7% of existing stock by 2028, with a marginal increase in 2029 through 2031.

Matrix Multifamily Supply Forecast Update-Q2 2026

Construction starts have contracted from the 2022 and 2023 highs to a level at or slightly above pre-pandemic performance. Near-term new supply is forecast to fall to 478,239 units in 2026 and 443,051 units in 2027. For the later years, steady but unspectacular growth in new supply is forecast through the end of 2031.

Matrix Multifamily Absorption Projection Update-April 2026

Matrix Affordable Housing National Report-February 2026

Affordable multifamily properties nationally posted strong growth in net operating income in 2025, demonstrating the segment’s strength as an investment vehicle. Even so, many properties face challenges from rent collections, the bifurcated economy and competition with market-rate apartments.

Matrix Self Storage Supply Forecast Update-Q1 2026

For the Q1 2026 update, the Yardi Matrix Self Storage Supply Forecast has been increased for all years. Construction starts and national advertised rental rates modestly improved in the second half of 2025, suggesting that some amount of stabilization is occurring in self storage new development. The forecast continues to model a reduction in new supply over the later years, but at a level above previous forecasts.

Matrix Multifamily Rent Forecast Update-January 2026

Another year of higher-than-average deliveries in large Sun Belt markets will continue the downward pressure on national advertised rents, and affordability concerns will limit growth in the Renter-by-Necessity segment. However, bright spots remain across the Midwest and Northeast.

Matrix Multifamily Supply Forecast Update-Q1 2026

Affordable and partially affordable properties are comprising an increasingly larger share of the overall new-supply mix and supporting new development activity. Annual completions for market-rate apartments will decline to pre-pandemic levels by 2028. Conversely, affordable and partially affordable new supply will remain near the highs reached in 2024.

Matrix Bulletin-Investment Risk Analysis-January 2026

Yardi Matrix’s 2026 Investment Risk Analysis examines 39 U.S. markets, highlighting diverging fundamentals, rising infrastructure strain, shifting political risk and evolving environmental vulnerabilities shaping investment decisions.

Matrix RV and Boat Storage Report – Fall 2025

Parking rents climbed 4.4% year-over-year in September, the strongest increase since Yardi Matrix began tracking RV and boat storage rates, driven by sharp gains for smaller parking units and double-digit growth in dense metros like Los Angeles and New York. Rent growth was weakest in Sun Belt markets with heavy recent development, as new supply continues to weigh on performance. Development and sales activity have both slowed notably from their 2022–2024 peaks, bringing supply growth back toward more sustainable levels.

Matrix Self Storage Supply Forecast Update-Q4 2025

Q3 2025 Matrix development pipeline data continues to indicate a deceleration in new self storage development. However, with a larger-than-expected inventory in the under-construction pipeline at the end of the quarter, the Q4 update to the self storage supply forecast increases forecast completions by 4.3% for 2025 and 4.6% for 2026.

Matrix Research Bulletin-Multifamily Forecast-Q4 2025

Year-to-date 2025 construction starts are running 4.5% above the same period in 2024, suggesting a total of 400,000 units or more in 2025. The under-construction pipeline is declining, but relatively strong new-development activity in 2025 means the pace of decline is decreasing. For the Q4 update, the Matrix new-supply forecast has therefore been increased for 2025, 2026 and 2027.

Matrix Bulletin-Self Storage Forecast-Q3 2025

In the first half of 2025, self storage construction starts continued their slowdown, declining 12.8% compared to the same period in 2024. That marked an improvement, however, from last year, when the decline was 22% over the same period the previous year. Looking forward, the Yardi Matrix development pipeline data indicates a continued tepid response, with the prospective pipeline declining while the deferred pipeline and number of projects abandoned remain elevated.

Matrix Research Bulletin-Multifamily Forecast-Q3 2025

New multifamily construction starts through mid-year 2025 are at a similar pace to the same period a year ago. As a result, the Q3 forecast update has increased 2027 completions by nearly 3.0% to 360,000 units. A declining but still sizable under-construction pipeline has also led to increases in the full-year 2025 and 2026 forecasts.

Affordable Housing Overview

Matrix Bulletin-Multifamily Forecast-June 2025

A flurry of abrupt policy changes have increased downside risk in the near and medium term, but fundamentals remain solid.

Single-Family Rentals in Build-to-Rent Communities – May 2025

Matrix RV Boat Storage National Report-Q2 2025

RV and boat storage rents rose 1.1% year-over-year in March 2025, led by smaller unit growth and a rebound in self-storage trends. Development and sales activity have slowed, easing pressure on rents. Demand remains strong despite declining RV registrations, thanks to a national shortage of high-quality storage.

Matrix Research Bulletin-Multifamily Supply Forecast-Q2 2025

Multifamily construction starts have declined significantly from the 2022 cycle peak, but a still large under-construction pipeline will deliver some 536,000 units in 2025 and 422,000 units in 2026. However, current tariff policy is adding a greater-than-normal level of uncertainty to later years.

Matrix Bulletin-SFR-BTR-March 2025

The institutional single-family rental market is in a transitional phase, as investors adapt to changing market conditions to achieve growth. This new Matrix bulletin tracks the latest developments in SFR fundamentals, including rent growth, occupancy, transactions and the product pipeline.

Matrix Bulletin-Multifamily Rent Forecast-March 2025

After a banner year for apartment deliveries in 2024, there is still enough supply under construction to provide near-record deliveries in 2025. That will keep downward pressure on advertised rents in many Sun Belt markets. Tumult in D.C. is sending mixed signals and bears further watching.

Single-Family Rentals in Build-to-Rent Communities – Mar 2025

Matrix Bulletin-Self Storage Forecast-Q1 2025

Self storage construction starts fell by 20% in 2024 compared to 2023. Weak advertised rental rate growth combined with a still-difficult financing environment suggests the slowdown in new development will persist into 2025, negatively affecting new-supply completions in 2026 and 2027. A sharply declining prospective pipeline and still-elevated levels of deferred and abandoned projects further suggest longer-term development interest is well off the peaks seen in 2022 and 2023.

Matrix Research Bulletin-Multifamily Forecast-Q1 2025

Multifamily construction starts are now 40% below the peak level recorded in 2022. This slowdown has begun to work its way into the under-construction pipeline, which will result in a contraction in new supply from 2025 through 2027. That follows a very high level of development activity and a large inventory of properties still to be completed. As a result, forecast completions for 2025 have been increased by 3.3% to roughly 525,000 units, with a 2026 increase of 11.5% to 414,000 units.

Matrix Research Bulletin-Affordable Housing Report-0225

Yardi Matrix, in the latest installment in its series about the affordable multifamily sector, analyzes historical and projected deliveries in the U.S. and major markets, the factors that influence development of tax-credit properties, and why starts are declining at a time when demand is at unprecedented levels.