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2023 Could be Year Apartment Owners Compete for Renters

 2023 Could be Year Apartment Owners Compete for Renters

Although rent crept up 0.3 percent in February after five months of declines, property owners might have to do more to attract renters this year. A report from Apartment List says the last time there were this many units in the pipeline was the 1970s, and vacancies have hit 6.4 percent. Year-over-year rent growth is at 3 percent and is likely to slow down even more, according to the report, but an article on this same website the same day also touts “Why Multifamily‚Äôs Outlook is Good,” so this isn‚Äôt the full picture.

 

https://www.globest.com/2023/03/01/2023-could-be-year-apartment-owners-compete-for-renters/?slreturn=20230202113638

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