Multi-Family Rents Reach New Heights In July

U.S. multifamily rents reach new heights in July

The average U.S. multifamily rent reached an all-time high of $1,409 in July. Rents increased 2.8% year-over-year with the $3 increase from June and have risen 3% year-to-date, according to a survey of 127 markets by Yardi® Matrix. The July performance arose from strong second-quarter economic growth and healthy demand.

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