Matrix Multifamily Inland Empire Report-Fall 2021 December 31, 2021

The Inland Empire Expands

Rents averaged $1,993 in October, a 1.9% increase on a T3 basis. Transactions totaled $1.9 billion, 81.2% higher than last year. Development slowed, with 2,702 units underway and approximately 1,900 units slated to deliver by year-end.