Multifamily asking rents broke the five-month streak of sequential average declines in January, rising 0.07 percent, according to a report from Yardi Matrix.
Of the 142 markets tracked, last month 61 posted declines, 71 marked increases. and 10 remained flat. Largest increases continued to occur in midsize cities in the Northeast and South, including in White Plains, N.Y.; Buffalo, N.Y.; Birmingham, Ala.; Worcester-Springfield, Mass.; and Columbus, Ga. The largest decreases were consistent in Western markets and Florida.
On a national level, by asset class, rents in the Renter-by-Necessity (RBN) segment rose 0.08 percent, outperforming Lifestyle (0.04 percent). The strongest performer
