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Midwestern markets top national rent growth

Modest construction pipelines limit oversupply
CoStar Analytics
January 21, 2025 | 5:39 P.M.

National rent growth has slowed significantly since the first quarter of 2022, from 9.9% to just 1.0% for 2024's fourth quarter. Weakness in national rent growth stems largely from Sun Belt markets, which have experienced significant deceleration amid oversupply.

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