National CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


National  + Apartments  | 

Moderate Rent Growth in the Forecast for U.S. Multifamily

Although multifamily fundamentals remained healthy through the first half of the year, doubts abound over the impact of interest rates on the economy and capital markets, Yardi Matrix said Wednesday in its latest report on the sector.  

“Demand is holding up, fueled by ongoing robust job growth and strong consumer balance sheets,” according to the report. “Yet the capital side of the industry is facing significant headwinds from higher mortgage rates.” 

Longer-term, Yardi Matrix analysts said they expect moderate 2.5% rent growth nationwide this year. The gains will be concentrated in the more moderately priced “Renter-by-Necessity” segment, “since affordability is a growing problem and new deliveries are focused on high-end Lifestyle units.”  

New deliveries will be high through at least the end of 2024, Yardi Matrix said. However, starts are gradually declining “because debt is more expensive and fewer banks are financing construction,” according to the report.  


Inside The Story

Yardi Matrix

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Lease
  • ◦Development
  • ◦Financing
New call-to-action
New call-to-action
New call-to-action
New call-to-action