Matrix Multifamily Inland Empire Report-Winter 2021 March 10, 2021

The Inland Empire expands

Rents increased 0.6%, with “Lifestyle” rent growth at 1.0%. Investment volume dropped by 40 percent in 2020 to $1 billion, but per-unit prices hit a new high. Developers broke ground on some 1,000 units in the second half of 2020.