Matrix Multifamily National Report- August 2021 September 08, 2021

Asking Rent Growth Breaks Records Nationwide

National asking rents increased by 10.3% in August, the first double-digit increase in the history of our data set, as nearly all the metros Yardi Matrix tracks exhibited positive YoY rent growth in August. The recovery in rents is widespread, fueled by job growth, excess savings and a return to urban cores.