Triad One of Strongest Apartment Rent Growth Markets in the Country

Posted By: Jon Lowder Blog,

According to the Yardi Matrix September National Multifamily Report, last month the Triad was one of the strongest apartment markets in the country in terms of year-over-year rent growth. From the report:

To put this in perspective, of the major metro areas Charlotte was among the best performing cities in terms of rent growth and it came in at 1.7% About half of the other major metro areas experienced year-over-year declines, with the most severe declines coming in high-cost cities like San Francisco (-5.8%).

There's still a lot of uncertainty out there thanks to the pandemic, but at least for now the smaller, more affordable metro areas appear to being holding steady for apartment operators.