Instant Insights / Multifamily's Strong Rent Growth

Since almost the start of the year, the apartment asset class has been delivering eye-popping rent growth. Read about it here.

Analysis

SFR Rents Are Also Surging

Showing the massive appeal of sunbelt markets, Tampa, Phoenix and Miami posted the strongest YOY rent increases in June.

By Les Shaver | July 19, 2021 at 07:36 AM

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In June, rents rose 11.1% and occupancy increased 1.1% year-over-year in the single-family rental sector, according to Yardi Matrix.

“The demand for the SFR sector is holding strong as people continue to seek more space,” according to Yardi. “The competitive housing market, driven in part by a lack of supply, is also sending would-be buyers to the SFR space.”

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