TMCnet News
Matrix Monthly Documents Robust Rent Growth in MayThe newly released June 2015 edition of Matrix Monthly reports that average rents of 61 U.S. markets surveyed by Yardi® Matrix rose 0.8% in May. The May average, $1,136, is a record high. Matrix Monthly also documents double-digit rent growth over the past 12 months in five metropolitan areas: Jacksonville, Fla.; Portland, Ore.; San Francisco; Sacramento, Calif.; and Denver. Rents grew by 2% or less in only a handful of markets, including Baltimore and Washington, D.C. Matrix Monthly is a monthly survey of apartment owners in 61 of the 94 U.S. markets covered by Yardi's Pierce-Eislen business unit. Brokers, sponsors, banks and equity sources that underwrite multifamily investment transactions use the report as a business development tool. To see the full May report, click here. You may subscribe to Matrix Monthly by clicking here. Email [email protected] or call 408-663-1149 with questions or comments. About Yardi Now in its fourth decade, Yardi® is committed to the design, development and support of software for real estate investment management and property management. With the Yardi Commercial Suite™, the Yardi Multifamily Suite™, Yardi Investment Suite™ and Yardi Orion™ Business Intelligence, the Yardi Voyager® platform is a complete real estate management solution. It includes operations, accounting and ancillary processes and services with portfolio-wide business intelligence and platform-wide mobility. Yardi is based in Santa Barbara, Calif., and serves clients worldwide from offices in North America, Asia, Australia, Europe and the Middle East. For more information, visit www.yardi.com. View source version on businesswire.com: http://www.businesswire.com/news/home/20150527006362/en/ |
