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Seattle skyline Seattle maintained the top spot for trailing three-month apartment rent growth.

SANTA BARBARA, CA—The good news is that multifamily rents are continuing to climb, with March’s national average reaching an all-time high of $1,181, up 0.5% from the previous month, according to the latest Matrix Monthly report from Yardi Matrix. The less-upbeat news, according to the report: “Despite the good performance, rent growth continues to moderate.”

Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.

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