JANUARY 2025
Yardi Matrix:
Matrix Multifamily National Report
EXCELLENT INSIGHT FROM YARDI:
“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%).”
