Rent Growth Has Decoupled from Apartment Demand via ALN Apartment Data

As was first discussed in the ALN newsletter for February, the incredible apartment demand that fueled 15% national average effective rent growth last year did not survive the turn of the calendar to 2022. Despite that, rent growth has persisted at a torrid pace through the first four months of this year.

The extent to which this change in dynamic can be observed in multifamily data depends on the time period being evaluated.

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