Apartment Rents Plummet as Vacancies Hit New Highs: What This Means for You!
Highlights: – National median apartment rents have dropped for four consecutive months, now averaging $1,367. – The multifamily vacancy rate remains high at 7.2%, driven by increased supply and reduced demand from younger renters. – Local markets are experiencing varying impacts on rent due to regional economic trends, with some areas seeing significant declines. Introduction […]
