Portland, OR Is Number One In Rent Growth Out of 101 Markets Surveyed -Yardi
Multifamily rent growth is not showing signs of slowing down. In July’s Yardi Matrix Montly Report, apartment rents rose a 6.5% year-over-year, up 20 basis points from June and the highest rate of growth in the current market cycle.
Out of 101 markets surveyed, Portland led with a staggering 14.6% year over-year-growth. Following was Denver (13%), San Francisco (12.7%) and Sacramento (9.8%).
The Western U.S. technology-fueled markets continue to set the bar for rent growth.
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