Sector performance trends positive so far this year but challenges loom
SANTA BARBARA, Calif., April 2, 2025 – The U.S. multifamily market held its own in March 2025, with the national average advertised asking rent rising $5 to $1,755 and by 0.4% for the first quarter, according to a new National Multifamily Report from Yardi® Matrix.
Performance in gateway markets was solid in March, with only San Francisco among the top 30 Matrix metros underperforming the 1% national average year-over-year growth rate. Investors remain confident and multifamily capital markets are liquid, with a large volume of multifamily loans coming due this year producing “opportunities for investors to provide takeout financing or buy the loans from banks,” the report says.
However, “much about the rest of the year remains uncertain,” the report notes, as property managers, consumers and investors await the impact of tariffs, worker layoffs and declining consumer confidence.
Get details about supply, demand, demographics, federal policy and other factors impacting the multifamily market.
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