Multifamily Demand Remains Strong Amid Economic Uncertainty

Multifamily Demand Remains Strong Amid Economic Uncertainty
News| June 10, 2025| Paul Bubny
Apartment Buildings

Uncertainty in the economy and financial markets has created minimal impact on multifamily fundamentals, Yardi Matrix reported. The average U.S. multifamily advertised rent rose by $6 in May to $1,761, a 1% year-over-year increase.

“Occupancy rates are slipping in some metros due to the heavy supply pipeline, but the drop is slow, as demand remains strong in high-supply metros,” according to the Yardi Matrix Multifamily National Report May 2025. The report noted that although overall rent growth remains concentrated in the Northeast and Midwest, markets in which performance lately has been weak—such as Denver, San Francisco, Dallas and Austin—recorded varying degrees of positive growth in May.

Single-family build-to-rent advertised rates continued rebounding in May, up $3 to an average $2,183. BTR rents have now risen for four consecutive months after a weak winter performance and are close to the all-time high of $2,185 seen a year ago.

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