Continuing a trend that has been observed for most of the past year, multifamily rents across the country have registered an increase in January 2022, according to a new report by real estate data firm Yardi Matrix. The average asking rent increased 13.9 percent on a year-over-year basis to $1,604 per month. Researchers at Yardie Matrix point out that January has historically been a month when multifamily rent growth has weakened and that last month’s growth, which averaged $8 a month, was actually $22 a month recorded between March and October 2021. growth was less than But they say the rent increase seen in January points to strong fundamentals in the multifamily sector, with unit absorption doubling from 2020 last year to 460,000.
In the following gallery, we take a look at the firm’s latest updates on which markets are likely to see the strongest rent growth in 2022.
