Yardi Matrix data released Wednesday showed that rents rose in 2015 by an average of 6.4% across the 111 metro areas it tracks.
Source: www.globest.com
Yardi Matrix data released Wednesday showed that rents rose in 2015 by an average of 6.4% across the 111 metro areas it tracks.
There was also a total of 232,168 units completed across the country’s 100 largest markets in 2015, falling short of the originally projected 300,000 units by more than 20%. As a result, new supply in 2015 slid 8% from 2014’s tally of 252,348 units delivered, rather than increasing by 20% as was expected.