Multifamily Performance Strongest in South and West, Yardi Matrix Reports

Regional assessment of multifamily trends identifies slower growth in
Northeast and Midwest

SANTA BARBARA, Calif., March 16, 2020 – Multifamily housing performance has
been strong across the U.S. during the current economic cycle, but there are notable
regional differences in market health, investor demand and economic growth,
says the latest Yardi Matrix regional multifamily report.

The report
analyzes rent growth, occupancy, supply growth and transaction volume in 130
metros between 2016 and 2019. The strongest performances were delivered by
metros in the Southeast, Southwest and Western U.S., while the Northeast and
Midwest were slightly behind.

Key takeaways
from the report:

• The Southeast, Southwest and Southeast have outperformed in rent growth, employment and transaction volume
• The West and Southwest have led in rent growth for most of the economic cycle
• Led by the Northeast, occupancy rates at the end of 2019 were nearly 95 percent in every region except the Southwest
• More than half of nearly 300,000 multifamily units delivered last year were in the Southeast or West

Find all the
regional performance insights in the Yardi Matrix regional
multifamily report for March 2020.

Yardi Matrix offers the industry’s
most comprehensive market intelligence tool for investment professionals, equity
investors, lenders and property managers who underwrite and manage investments
in commercial real estate. Yardi Matrix covers multifamily, student housing, industrial,
office and self storage property types. Email [email protected], call (480) 663-1149 or visit yardimatrix.com to learn more.

About Yardi

Yardi^® develops and
supports industry-leading investment and property management software for all
types and sizes of real estate companies. Established in 1984, Yardi is based
in Santa Barbara, Calif., and serves clients worldwide. For more information on
how Yardi is Energized for Tomorrow, visit yardi.com.