The average multifamily rent in the U.S. rose $4 to $1,371
in March, a 2.5 percent year-over-year increase, according to a survey of 121 markets
by Yardi Matrix. This uptick was the first increase since summer 2017, as rents
had not moved more than $1 in either direction since July.
The next few months
will be telling, however, as rent growth in the first quarter was weak compared
to the first quarter of recent years.
National
average occupancy rates remained mostly stable at about 95.2 percent.
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