Apartments.com Publishes April 2023 Rent Growth Report – Business Wire
WASHINGTON–(BUSINESS WIRE)–Today, Apartments.com – a CoStar Group online marketplace – released an in-depth report of multifamily rent growth trends for April 2023 backed by analyst observations. For the first time since the third quarter of 2021, vacancy rates did not increase, holding steady at 6.7%.
“National year-over-year asking rent growth slowed to 2.1% at the end of April from 2.6% at the end of March, vacancy rates held steady and 34,000 units were absorbed, signaling a strong start to the second quarter.”
“With the peak leasing season now underway, multifamily conditions started to show signs of stabilization,” said Jay Lybik, National Director of Multifamily Analytics at CoStar Group. “National year-over-year asking rent growth slowed to 2.1% at the end of April from 2.6% at the end of March, vacancy rates held steady and 34,000 units were absorbed, signaling a strong start to the second quarter.”
YEAR-OVER-YEAR RENT GROWTH SNAPSHOT, INDIANAPOLIS HOLDS…
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