Monday, January 11, 2016

Report: Denver, SF, Portland and Sacramento to Lead Rent Growth Again in 2016

In its Winter 2016 Multifamily Outlook Released today, YardiMatrix forecasts another strong year for rent growth, although unlikely to match 2015’s 6.5% gain.

The report finds that conditions in Denver, San Francisco, Portland and Sacramento will remain favorable, "but there are signs that affordability is becoming an issue at the high end of the rent spectrum and the rate of increases will moderate."

Three cities that topped the rankings in 2015 also boast the strongest rent growth forecasts for 2016: Denver (11.2%), San Francisco (11%) and Portland (9%). All of these metros are home to intellectual hubs led by technology firms and offer the jobs, lifestyle amenities and climate that attract Millennials.

Download the full report.