Matrix Multifamily National Report-March 2022 April 01, 2022

Multifamily Has Strong Quarter as Headwinds Grow

Multifamily rents surged again in March, as rent growth hit a record high for a first quarter. Demand is expected to remain healthy, but rent growth is likely to decelerate as concerns grow about the economy. Inflation is moderating slowly, and rising rents and energy prices may keep it elevated longer than expected.