U.S. multifamily outlook report from Yardi Matrix foresees continuing apartment growth
Matrix National Outlook delivers a comprehensive report on U.S. rental markets.
SANTA BARBARA, CALIF., Sept. 01, 2015 – A report by the Yardi® Matrix business unit (formerly Pierce-Eislen) offers a vision of sustained growth in the U.S. apartment market driven by an improving national economy, above-trend household formations by the millennial generation and the movement of Baby Boomers into urban apartments.
“Our forecast at the beginning of the year for solid 5% rent growth seems almost too conservative now, as rents have grown by 6.2% over the first half [of 2015] with no slowdown in sight,” according to Yardi Matrix researchers who prepared the summer 2015 edition of the Matrix National Outlook, an analysis of market conditions. “In our view demand for apartments will continue to be above-trend for at least the next couple of years.”
Yardi Matrix is a business development, underwriting, and asset management tool that delivers complete apartment market competitive intelligence on more than 100 markets, 12.7 million units and 66,000 properties covering 75% of the US population. Brokers, sponsors, banks, equity sources and others involved in underwriting multifamily investment transactions use the information to identify deals, drive superior investment returns and mitigate risk.
Matrix National Outlook, which is published three times a year, analyzes the range of factors that drive the U.S. apartment market, including the national economy, demand drivers and rent trends in text and graphical form. The current edition is available here.
You may email email@example.com or call 1-480-663-1149 ext. 2404 with questions or comments about Matrix National Outlook.
Now in its fourth decade, Yardi® is committed to the design, development and support of software for real estate investment management and property management. With the Yardi Commercial Suite™, the Yardi Multifamily Suite™, Yardi Investment Suite™ and Yardi Orion® Business Intelligence, the Yardi Voyager® platform is a complete real estate management solution. It includes operations, accounting and ancillary processes and services with portfolio-wide business intelligence and platform-wide mobility. Yardi is based in Santa Barbara, Calif., and serves clients worldwide from offices in North America, Asia, Australia, Europe and the Middle East. For more information, visit www.yardi.com.
Media Contact:Joel Nelson
Yardi Systems Inc.