Multifamily rental growth update through October 2023
MRI Software
NOVEMBER 6, 2023
The yellow highlights draw your attention to those markets whose overall average occupancy dropped below 90% in October, a threshold known as the point where a market transitions from a ‘Landlord Market’ to a ‘Renter Market.’ Deliveries are outpacing demand. Current rent growth Lower occupancy puts rent levels under pressure.
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