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In January, rents were up 3.3 percent year-over-year, averaging $1,420 nationally, according to a report by Yardi® Matrix.

“Such performance gives no indication that multifamily rent growth is on its last legs in the cycle,” the report states.

The areas with the greatest growth in January were Las Vegas, Phoenix, Atlanta, California’s Inland Empire and San Jose, Calif.

Get the full report.

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

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