Apartments.com Releases Rent Growth Report for First Quarter of 2023

The Apartments.com report on multifamily rent trends for the first quarter of 2023 revealed that the negative trends in the sector persisted at the start of the year. Despite this, some improvements were seen with absorption turning positive and the vacancy rate increasing only slightly. However, it is expected that the record supply under construction will put downward pressure on rents. Miami experienced the biggest slowdown in rent growth, with a 300 basis point drop in year-over-year rent growth.

Which Homes Can You Afford?

Get a list

How Much Is Your Home Worth?

Calculate Now

Continue to full article