MAY 2025
Yardi Matrix:
Matrix Multifamily National Report
EXCELLENT INSIGHT FROM YARDI:
“Ongoing strong absorption is helping to revive rent growth in some high-supply markets that have struggled. In Austin, which added 9.1% to inventory over the past year, advertised rents increased $3 (0.2%) in May, and $5 over the past two months, after dropping more than $200 over the past two years. Other high-supply metros with 6.0% or more inventory growth over the past year posted positive rent gains over the past three months, including Raleigh (0.5%), Denver (0.4%), Nashville (0.3%) and Charlotte (0.2%). Three-month rent increases were led by Boston and Philadelphia (0.7%), and Chicago, New York and the Twin Cities (0.6%).”
