Apartments.com's latest rent growth report reveals that for the first time in five months, month-over-month rent data showed positive growth, with Midwestern markets like Indianapolis and Cincinnati emerging as top rent growth leaders.
“While snapping the five-month negative
#rent growth streak is a positive start to the new year, it remains to be seen whether or not demand has truly accelerated. Year-over-year rent data continues to decline, highlighting the market’s weakening position. If the positive
#rentgrowth trend persists, year over year data may finally change its course, signaling supply and demand are closer to regaining equilibrium.”
― Jay Lybik, National Director of Multifamily Analytics at CoStar Group.
Read the full report below to discover the latest
#multifamily rent growth trends.