U.S. multifamily markets will enjoy moderate growth in 2016âif the domestic economy cooperates and potential hot spots abroad remain calmâaccording to a new report released byÂ YardiÂ®Â Matrix, a business development tool for brokers, sponsors, banks and equity sources that underwrite multifamily investment transactions.
Multifamily rent growth is projected to reach 4.6% in 2016, according to a new report by #YardiMatrix.
The report, âWinter 2016 Multifamily Outlook: Rent Growth Encore? Whatâs in Store for 2016,â predicts that increased gross domestic product, moderate growth in apartment supplies, healthy capital markets and 2.5 million new jobs will drive 4.6% growth, outpacing the eight-year average of 2.8%. Flat wage growth and a strong dollar will likely deny a repeat of the 6.5% rent growth recorded in 2015. Other risks include âfurther economic slowing in China and emerging markets, a recession in Europe, spreading conflict in the Middle East and rising interest rates,â according to the report.
Now in its fourth decade, YardiÂ®Â is committed to the design, development and support of software for real estate investment management and property management. With the Yardi Commercial Suiteâ¢, the Yardi Multifamily Suiteâ¢, Yardi Investment Suiteâ¢Â and Yardi OrionÂ®Â Business Intelligence, the Yardi VoyagerÂ®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, visitÂ www.yardi.com.