Strongest rent increase in 20 months
WHAT’S MOVING THE MARKET
In March, the U.S. multifamily market experienced its most robust rent escalation in 20 months, with average asking rents climbing by $8 to $1,721, marking a 0.9% year-over-year increase. This uptick is notable, indicating a shift towards traditional seasonal patterns after the unconventional trends triggered by the pandemic lock…
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