September rents up YOY as supply slows: Yardi
Why this matters
Multifamily has been the most actively underwritten sector through the rate cycle, with cap rate compression resuming in Sun Belt and gateway markets as 2024-2025 deliveries roll off and refinance demand on 2021-vintage bridge loans clears. Transaction velocity is up modestly, concentrated in stabilized Class A and grocery-adjacent garden assets. Allocators continue to favor residential for its income durability and its insulation from secular demand questions that still hang over commercial sectors.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- Disclosed multifamily deal value tracked in October 2026: $1.9B across 29 reported transactions. All Multifamily coverage →
- 10 stories mentioning Yardi on the wire in the past 90 days. Yardi coverage →
Computed from Real Estate Trail’s own tracked coverage
Renewal rent growth, however, slowed to its lowest level since before 2020 as existing rents catch up to advertised rents, according to a report from the real estate data firm.
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