OCTOBER 2024
Yardi Matrix:
Matrix Multifamily National Report
EXCELLENT INSIGHT FROM YARDI:
“U.S. multifamily rents dropped in October, as the average U.S. advertised rent fell $3 to $1,748. Demand, however, remains strong enough to balance the increase in deliveries in most markets. Through September 2024, 329,000 apartment units have been absorbed, putting the market in line for one of its better recent years. Supply has grown slightly more than absorption, prompting the U.S. occupancy rate for stabilized properties to drop 10 basis points to 94.7%.”
