Matrix Multifamily National Report-December 2024

Multifamily Rents End a Positive 2024 on a Down Note

The multifamily market walked a tightrope in 2024, balancing strong demand and a high level of new supply. Overall results were stable, varying by market. The new year promises changes, with supply growth waning, different economic policies likely to impact demand, and interest rates looking to remain higher than expected.

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