Over the past two years, the average national annual asking rent growth for U.S. apartments decelerated from 10.3% to 0.8%, but the slowdown in rent growth for properties at the top end of the market has been much more pronounced.
Oversupply in Luxury Multifamily Properties Triggers Weakest Rent Growth in Recent Memory
Some Markets on West Coast Join Those in Sun Belt With Tepid Increases
By Jay Lybik
CoStar Analytics
April 1, 2024 | 10:58 P.M.
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