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Apartment rents, on average, held in February at $1,306, according to data compiled from 124 markets recently released in a report by Yardi® Matrix.

“[This] is not unexpected or a sign of long-term weakness in the sector,” according to the report.

The leading areas for growth in February were the Inland Empire, Los Angeles, and Sacramento, Calif., and Phoenix, Ariz., and Seattle, Wash.

View the full report here.

For more information, please visit www.yardimatrix.com.

For the latest real estate news and trends, bookmark RISMedia.com.

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