Is Apartment Demand Weakening Due to High Rents? Look for These 3 Signals via GlobeSt

We just witnessed the weakest 3rd quarter for apartment leasing in the 30+ years of tracking the U.S. apartment market. Net absorption registered moderately negative, occupancy ticked down and rents flattened. Is the slowdown due to renters hitting an affordability ceiling?

For most of us, our gut reaction to that question is probably, “Yes.” But what does the data tell us?

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