Year-Over-Year (YoY)

Year-over-year is a comparison of the same period across consecutive years — a standard multifamily market reporting metric for rent growth, vacancy change, cap rate movement.

What it means in practice

YoY metrics normalize for seasonality — comparing Q1 2026 to Q1 2025 isolates the year's actual change from seasonal variation. Market reports typically express rent growth, vacancy, and pricing movements on a YoY basis.

Why it matters for LA multifamily

LA multifamily YoY metrics Q1 2026 per Kidder Mathews: cap rates up 40 bps, rent growth flat to -0.1%, vacancy up 80 bps. These YoY changes inform the 2026 outlook and pricing discipline.

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