Phx, National Multifamily Rent Growth Solid for 2018
By AZBEX Staff for Arizona Builder’s Exchange Despite U.S. Multifamily rent growth remaining flat at 3.2 percent in December from November, 2018 proved to be a solid year for multifamily. According to the December 2018 Multifamily National Report from Yardi Matrix, “3.2 percent rent growth slightly exceeded going-in expectations. Despite the recent volatility in the […]
PHX Strong, Though National Multifamily Dips a Bit
By AZBEX Staff for Arizona Builder’s Exchange September saw a slight dip in multifamily rents, but the grand picture is still rosy overall. According to the September 2018 Multifamily National Report from Yardi Matrix, “A $1 decline is insignificant, especially at the start of the fall, when rent growth traditionally begins to hibernate for winter. […]