Multifamily Market Sees Modest Advertised Asking Rent Decline in October, Yardi Matrix Reports

“Year-over-year growth in rents remained modest at 0.9 percent, consistent with the range of 0.7 to 0.9 percent seen since the beginning of the year.

Despite the small dip, demand for multifamily housing remains strong, with 329,000 apartment units absorbed through September 2024, putting the market on track for one of its stronger years in recent memory.“