San Francisco rent growth among the nation's strongest

Report finds US rent averages increased $3 in August to reach the eighth consecutive monthly record
by
September 09, 2016
  • Yardi reported national average rent prices increased 5 percent in August compared with the same month last year.
  • San Francisco's forecasted rent growth by the end of 2016 is the nation's highest, at 10.5 percent.
  • The City by the Bay is expected to see a total of 11,000 units delivered by the end of the year.

The multifamily rental market is starting to reflect the introduction of fall, cooling off but still growing. According to the Yardi Matrix Monthly report, which is a monthly measurement of 120 U.S. markets, August marked the eighth consecutive month of record rent prices.

Annually, national rent prices were up 5 percent but slipped 50 basis points from the previous month.

Article image credited to Photoraidz / Shutterstock.com