Matrix Multifamily National Report-October 2021 December 01, 2021

Multifamily Rents Increase, Occupancy Demand Continues

National average asking rents are up 13.7% YoY in October, reaching an all-time high of $1,572. Average U.S. occupancy also broke records this month, reaching a high of 96.1% in September for stabilized properties. Single family home rents also continued to grow.