***Due to the Coronavirus-related orders issued by NC Governor Roy Cooper, the GCAA office is open on a limited basis. Staff will be available for drop-in visits on Tuesdays & Thursdays and are available by appointment only on Wednesdays. Staff will also be available by phone and e-mail. We thank you for your patience as we play our part in keeping our staff and broader community safe.***

 

Negative Rent Growth Year-Over-Year for First Time Since 2010

News ,


The pandemic is impacting rents now and negative rent growth year-over-year is showing up in statistics across the country for the first time since 2010, according to Yardi Matrix.

National rents declined by $2 in June, falling to $1,457, Yardi Matrix reported in the June National Multifamily Report. “Since January, U.S. multifamily average rents have declined by $12. A few months ago…Read more.