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Multifamily shows positive signs amid economic uncertainty
Research - APRIL 8, 2025

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Multifamily shows positive signs amid economic uncertainty

by Andrea Zander

Early indicators suggest resilience for multifamily in 2025, but the looming impact of new policies and economic uncertainty casts a shadow, according to Yardi.

While Northeast and Midwest metros post strong growth, oversupplied markets struggle, and the impact of new administration initiatives is yet to be seen.

New York and Chicago lead the top 30 Matrix metros in advertised rent growth, and among gateway metros, only San Francisco is below the national year-over-year 1 percent average growth rate.

The average U.S. advertised asking rent increased $5 nationally in March to $1,755. Year-over-year advertised rent growth, which has held to a narrow range since last summer, fell 20 basis points to 1 percent.

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