Easter is a season of renewal, hope, and new beginnings.
A reminder that every reset brings new possibilities.
Wishing you growth, clarity, and fresh starts.
Connect with Us: https://zurl.co/lAD6Q
#HappyEaster #NewBeginnings #Growth #Renewal #Assetsoft #yardi #mrisoftware
Rents decline for fifth straight month, dropping $4 in last month to an average $1,709 SANTA BARBARA, Calif., Jan. 10, 2024 – The multifamily market ended 2023 with continued deceleration, recording a fifth consecutive month of rent declines in December, according to the latest Yardi® Matrix National Multifamily Report. The average U.S. asking rent fell $4 to $1,709 in December, with year-over-year growth at 0.3 percent. Occupancy remained unchanged at 94.8 percent in November. Metros in the Northeast and Midwest stayed in the lead for rent growth, while five of Yardi Matrix’s top 30 metros posted rent contractions of 3.0
DC Overcomes Volatility With Stabilized Fundamentals Washington, D.C.’s multifamily market displayed steady fundamentals, despite ongoing market volatility. Rents plateaued on a trailing three-month basis through September, reaching $2,121, while national rates moved into negative territory, at -0.1%. The Renter-by-Necessity segment saw some limited growth, while the upscale segment saw a 0.1% contraction. In average occupancy rates in stabilized properties, the Lifestyle segment saw a 50-basis-point increase year-over-year, up to 95.7%. The metro added 59,900 jobs in the 12 months ending in July, up 2.0%, but 60 basis points lower than the national rate. As of August, the unemployment rate clocked
Fundamentals Moderate, Remain Healthy Tampa’s multifamily fundamentals slowed down, but remained healthy amid persisting volatility. Short-term rent movement slid back into negative territory, down 0.1% on a trailing three-month basis, on par with the U.S. rate. Meanwhile, the occupancy rate in stabilized properties declined 40 basis points year-over-year through August, to 94.5%, which points to still healthy demand. In the 12 months ending in July, Tampa’s employment market added 58,400 jobs, for a 4.0% expansion, well ahead of the 2.6% U.S. figure. Tampa also outperformed the U.S. in unemployment levels, at 3.2% in August, while the nation stood at 3.8%,
Assetsoft
aburka 🫣
Real Estate Feeds
Steven Saus [he/him]
