Matrix Multifamily Inland Empire Report-August 2024 August 21, 2024

The Inland Empire’s Rental Rebound

The Inland Empire’s average advertised asking rents registered a comeback in the second quarter, up 0.4 percent on a T3 basis through June to $2,140. Occupancy in stabilized assets was down 50 bps YoY to 95 percent in May but remained above the national average.