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Will this year be as good as last year for multifamily? Yardi says the answer is clear—no, it won’t.
The software company says rental growth will be about 5% this year, over a full percentage point below last year’s 6.3% rate, but still kept relatively high due to growth in jobs and population. But after two years of huge rent growth, this year will mark the beginning of a long-awaited slowdown, Multifamily Executive reports.
That’s largely due to the current economic climate—stock market instability, weakness in oil and slow economic growth all indicate this year won’t measure up to 2015 for multifamily growth. [MFE]
