SANTA BARBARA, Calif.--(BUSINESS WIRE)--U.S. multifamily markets will enjoy moderate growth in 2016—if the domestic economy cooperates and potential hot spots abroad remain calm—according to a new report released by Yardi® Matrix, a business development tool for brokers, sponsors, banks and equity sources that underwrite multifamily investment transactions.
The report, “Winter 2016 Multifamily Outlook: Rent Growth Encore? What’s in Store for 2016,” predicts that increased gross domestic product, moderate growth in apartment supplies, healthy capital markets and 2.5 million new jobs will drive 4.6% growth, outpacing the eight-year average of 2.8%. Flat wage growth and a strong dollar will likely deny a repeat of the 6.5% rent growth recorded in 2015. Other risks include “further economic slowing in China and emerging markets, a recession in Europe, spreading conflict in the Middle East and rising interest rates,” according to the report.
To view the full report, click here. Email matrix@yardi.com or call 480-663-1149 with questions or comments.
About Yardi
Now in its fourth decade, Yardi® is committed to the design, development and support of software for real estate investment management and property management. With the Yardi Commercial Suite™, the Yardi Multifamily Suite™, Yardi Investment Suite™ and Yardi Orion® Business Intelligence, the Yardi Voyager® platform is a complete real estate management solution. It includes operations, accounting and ancillary processes and services with portfolio-wide business intelligence and platform-wide mobility. Yardi is based in Santa Barbara, Calif., and serves clients worldwide from offices in North America, Asia, Australia, Europe and the Middle East. For more information, visit www.yardi.com.
