U.S. Apartment Rents Decline in Fourth Quarter, Bucking Annual Trend via CoStar Group

In a surprise finding to the end of the year, U.S. apartment rents posted one of the weakest fourth quarters since the end of the most recent recession, according to the latest analysis of the U.S. multifamily market by CoStar Group.

In the first six months of 2015, U.S. apartment rents grew at an annualized rate of 9.4%, per CoStar’s same-store analysis of more than 50 million rent observations. The growth rate slowed to just 2.7% in the second half of 2015, and turned negative over the final three months of the year. Taken together for the full year, U.S. apartment rents grew by an average of 6% in 2015

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