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Skyline of Nashville Nashville’s decline in occupancy rates and percentage of new apartment deliveries were the highest in the nation for 2017.

SANTA BARBARA, CA—Multifamily rents averaged $1,359 per month nationally at year’s end, the same dollar amount that Yardi Matrix’s monthly survey of 121 markets reported for November. On a year-over-year basis, rents in December were up 2.5%, an increase of 20 basis points from the previous month.

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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