Negative Rent Growth Year-Over-Year for First Time Since 2010

The pandemic is impacting rents now and negative rent growth year-over-year is showing up in statistics across the country for the first time since 2010, according to Yardi Matrix.

National rents declined by $2 in June, falling to $1,457, Yardi Matrix reported in the June National Multifamily Report. “Since January, U.S. multifamily average rents have declined by $12. A few months ago…Read more.