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Portland Leads the Nation for Multifamily Rent Growth

hamilton-zanze July 08, 2015

Average multifamily rents rose 1.3% nationwide in June from May — the largest increase during the current recovery, according to Yardi.

The report cited ongoing job growth, pent-up millennial demand, and favorable demographic factors as drivers underpinning the recent growth.

Portland (15.1%), Denver (12.4%), San Francisco (11.6%), and Sacramento (11%) led the nation for year-over-year growth, while Jacksonville (13.2%) and Atlanta (9%) are among the strongest Southern markets for rental growth.