May 18, 2022
Multifamily demand and rent growth remain exceptionally strong, Yardi Matrix reported May 10 in its latest Multifamily report. Average U.S. asking rents rose $15 in April to an all-time high of $1,659, and year-over-year growth remained high at 14.3%. Markets in Florida and the Southwest maintained the top spots in year-over-year rankings. Boston, New York, San Jose, California, and Philadelphia also ranked as top performers.