Apartments.com Publishes February 2023 Rent Growth Report – The Bakersfield Californian
WASHINGTON–(BUSINESS WIRE)–Mar 8, 2023–
Today, Apartments.com – a CoStar Group company – released an in-depth report of multifamily rent growth trends for February 2023 backed by analyst observations. February marks the second month in a row of positive month over month rent growth, signaling a surprisingly strong start to the year but still not enough to reverse the downward movement of annual rents.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230308005617/en/
Year Over Year Rent Growth, by Market (Graphic: Business Wire)
“Nationally, sequential monthly rents rose $2.50 or 0.15% in February, marking the second month of positive rent growth after a negative streak from August to December of 2022,” said Jay Lybik, National Director of Multifamily Analytics at CoStar Group. “However, national year over year rent growth continues to decline with supply additions outstripping mediocre demand, causing instability across…
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