• U.S. rents were up 5 percent annually in August, slowing from the 6-plus percent increases reported for the majority of the year.
  • Chicago's annual rent growth in August was 3.9 percent, and it's forecasted to grow 3.4 percent by the end of 2016.
  • Chicago's new completions made up 2.6 percent of total rental stock in August, with a total of 8,319 forecasted completions for the year.

The Yardi Matrix U.S. Multifamily Outlook for fall 2016 found that national rent growth has continued but slowed, while a couple bursts of job growth has helped propel the market forward.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top