On this podcast, Doug Ressler, Manager of Business Intelligence at Yardi Matrix, breaks down the U.S. Multifamily Outlook Report.
Curious what's driving rent growth in today's market? Doug shared the three main drivers.
"You look at millennials in particular who are aging, who should be out looking for homes. Who are not because their home affordability and the home availability is not there."
According to the Yardi Matrix Multifamily National Report the Year-over-Year National Rental Growth Rate is 6.3%, but not all markets are created equal. Below are the top 5 markets for rent growth.
The gateway markets took a big hit in 2020 when remote work became the norm and cities were forced to shut down. People fled the big cities for affordable housing in smaller cities, leaving investors uncertain about gateway markets.
"Certainly big cities are not going to blow away. They are going to come back and they're going to come back from a resilient standpoint. "
Yardi Matrix U.S. Multifamily Outlook Report, click here
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Listen To The Full Episode, click here