Investors Still Paying Top Dollar for Multifamily
By Erika Morphy for GlobeSt.com Multifamily acquisition yields and price per unit have hovered at record lows for several years. What does that mean for pricing? Yardi Matrix spells it out in its newest report on the asset class: It means investors are willing to pay up even as market conditions change. The average price […]
Multifamily Housing Wraps 2019
By Mary Salmonsen for Multifamily Executive The average U.S. multifamily rent fell $3 to $1,473 in November, according to the latest National Multifamily Report by Yardi Matrix. Year-over-Year rent growth fell by 20 basis points, down to 3.1 percent for the month. National rent growth has held at three percent or above since spring 2018, […]
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. […]
Phoenix Q2 Office Sales Volume Doubles Y-o-Y
By Ioana Neamt for COMMERCIALCafé The Phoenix office market was an attractive scene for investors during the second quarter of 2017, with 20 notable deals closed for a total of $513M. The average price/SF for office buildings trading on the market is holding steady, roughly on par with the average of the past five years, according to […]
Phoenix Multifamily Remains Strong
By Roland Murphy for Arizona Builder’s Exchange “Phoenix is riding a wave of high performance” in the multifamily market, according YARDI Matrix’s Spring Analysis. Rents in Phoenix rose 5.1 percent year over year, significantly outpacing the national 2.7 percent rate. There are 9,000 units under construction, with another 16,000 in planning stages. Phoenix remains less […]
Phoenix Multifamily is “On Fire”
By Roland Murphy for Arizona Builder’s Exchange Like sizzling daytime summer highs and chilly overnight winter lows, the Phoenix-area multifamily market runs hot and cold. Currently, the market is “on fire”, according to the Yardi Matrix Winter Report for 2017. Rents Rents in Phoenix rose 5.9 percent year-over-year through November. The national average was 4.4. […]