July’s Multifamily Rent Increase Was Best in a Decade – Except for Last Year via GlobeSt

Peak apartment rent growth – as well as the historically high-performance levels seen in 2021 – are by all accounts in the rearview mirror, according to data released this week by RealPage.

Effective asking rents increased by 0.8% from June to July, which represents about one-third of how they performed a year earlier. That moderation was as expected, RealPage said.

Read more...July’s Multifamily Rent Increase Was Best in a Decade – Except for Last Year via GlobeSt