Matrix Multifamily Inland Empire Report-August 2023 August 23, 2023

Inland Empire Rents Steady

Many fundamentals softened in the Inland Empire, but rent growth remained steady with a 0.3 percent uptick on a T3 basis for the second straight month, reaching $2,131 in June. That was $400 above the national rate, although growth was slower than the 0.4 percent U.S. average.