Monthly Multifamily Rent Growth Trend by Year

NO. 14 | CHART FOR THOUGHT

“These recent national trends are in line with rent growth we’re experiencing throughout most regions of our multifamily portfolio. Some of these gains can be attributed to gateway cities rebounding from a recent COVID trough, but most of the unprecedented multifamily demand continues to be driven by an undersupplied housing market and an expanding renter demographic pool. While we expect market rent growth to taper off by the end of 2022 and beyond, multifamily landlords are poised for upside as loss to lease continues to burn off and in-place rents mark to market.”

Will Feltus – Vice President, Bellwether AM