Apartments.com Releases October 2022 Rent Growth Report – Business Wire
WASHINGTON–(BUSINESS WIRE)–Today, Apartments.com – a CoStar Group company – published an in-depth report of multifamily rent growth trends for October 2022 backed by analyst observations. Month over month rent decline hit a three-month streak with October’s numbers in the books, alongside continued evidence the once fastest growing markets have lost momentum and new markets are coming into play.
“Since August, sequential monthly rent growth has started tracking downward, but we’re witnessing that decline accelerate – rents decreased by $9 or 0.6% in October compared to just 0.3% 30 days prior”
“Since August, sequential monthly rent growth has started tracking downward, but we’re witnessing that decline accelerate – rents decreased by $9 or 0.6% in October compared to just 0.3% 30 days prior,” said Jay Lybik, National Director of Multifamily Analytics at CoStar Group. “These rent conditions reflect a rough start to the already typically slow fourth quarter as new…
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source: https://news.oneseocompany.com/2022/11/04/apartmentscom-releases-october-2022-rent-growth-report-business-wire_2022110435129.html
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