Matrix Multifamily National Report-July 2021 August 09, 2021

Another Record-Breaking Month for Multifamily

The multifamily industry had another record-setting month with rents increasing by 8.3% YoY. The recovery is no longer limited to the Southeast and Southwest metros that fared well during the pandemic, gateway markets are also making a major comeback. Rents for single-family rentals in build-to-rent communities continue to grow at an even faster pace than multifamily, with national rents up 12.8% YoY.