U.S. multifamily performance expected to sustain economic turbulence

The national outlook for the multifamily sector remains positive through the end of 2022, with asking rent performance expected to have increased by around 8 percent by year's end, according to the U.S. Multifamily Outlook report released by Yardi Matrix.

The report examines the state of the economy, including ongoing inflation and recession concerns, but concludes that though rent growth is slowing down, gains are expected to continue.

Average national asking rents increased 5.7 percent in the first six months of the year. Year-over-year rent growth at the year's midpoint was 13.7 percent, down 100 basis points from the end of 2021 and down 150 basis points from the February peak of 15.2 percent.

“While growth is moderating, we expect gains will continue to remain well above trend, with average asking rents increasing by 7.9 percen