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Yardi Says Multifamily Demand Still Firm, Rents Rise in May

According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rent was $1,716 in May (up $7). Yardi says year-over-year growth again continued its downward slide, and is now 2.6% nationally, down 70 basis points from April – the lowest since March, 2021. Yardi says multifamily demand remains strong despite the threat of a slowing economy looming on the horizon. Continue reading HERE...

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