U.S. Multifamily Rents Flatten in October
November 3, 2015
HFO Investment Real Estate

U.S. Multifamily Rents Flatten in October

The YardiMatrix report for October was the first survey of 2015 in which rents did not increase month-over-month.

Out of 111 markets tracked by YardiMatrix, Portland remains number one in rent growth at 15.1%. Close behind are:

  • San Francisco – 12.1%
  • Seattle – 11.5%
  • Denver – 10.3%

Another trend YardiMatrix reports is short-term bifurcation of growth: higher-end lifestyle property increases are cooling relative to working-class Rent-By-Necessity properties. This is because supply of high-end properties is rising rapidly in many markets while affordability issues are producing more demand on the lower end of the quality spectrum.

For detailed information on granular-level rent trends throughout Oregon and SW Washington, contact any HFO broker at (503) 241-5541.

HFO Investment Real Estate specializes in multifamily brokerage sales and advisory services for commercial real estate investors and apartment owners throughout Oregon and Washington. Build your legacy at http://www.hfore.com
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