Matrix Multifamily Inland Empire Report-December 2024

Rent Growth’s Seasonal Slowdown

Advertised asking rents in the Inland Empire declined 0.1 percent on a T3 basis through October, but YoY rent growth remained above trend, up 1.1 percent and 20 bps above the U.S. rate. Rent growth and occupancy were boosted by limited supply, with the latter up 30 bps YoY to 95.3 percent.

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