Multi-housing rent growth continues to climb

The momentum surrounding multi-housing rent growth has continued in 2022 and is currently outpacing inflationary growth, according to JLL Capital Markets. This trend reiterates the multi-housing sector’s defensiveness and sustained strength in fundamentals during uncertain economic periods.

The national average rent growth for class A multi-housing properties has surpassed inflationary growth by 198 basis points from 2010 to the first quarter of 2022. In fact, in the first quarter 2022, national multi-housing rents increased 15 percent year-over-year, as rising inflation translated to significantly higher rents.

“Multi-housing market fundamentals are exceptionally strong, and the relatively shorter nature of leases is a favorable attribute in an environment of higher inflation, which allows properties the ability to mark-to-market on an annual basis versus other asset types,” said Roberto Casas, senior managing director and co-head of JLL’s Capital Markets mult