US Rent Growth Changed Trajectory in January
After two consecutive months in negative territory, national average effective rent change in January managed to get back to zero.
After two consecutive months in negative territory, national average effective rent change in January managed to get back to zero.
It’s a new year, but some of the challenges for the multifamily industry that played a role in 2022 have come along for the ride.
Persistently low demand and a very active construction pipeline have combined to send national average occupancy to its pre-pandemic level.