Top 10: Average Effective Rent Growth
Rent growth has been muted this year, but some markets have managed impressive gains over the last twelve months.
Rent growth has been muted this year, but some markets have managed impressive gains over the last twelve months.
2024 apartment demand has shown robust improvement over last year, but challenges remain – not least an unrelenting construction pipeline.
Rent growth in a majority of markets has been positive in recent months. These markets have led the improvement from a year ago.
An active construction pipeline means improvement in multifamily demand will be vital in 2024. These markets are off to an encouraging start.
With full December data not quite available, here is a look at the most expensive markets and least expensive markets to end November.