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National Rents Decline In January For Fifth Straight Month

The national rent index fell by 0.3 percent over the course of January, marking the fifth straight month-over-month decline, Apartment List says in their February report, while the vacancy rate…

Property Managers Optimistic Despite Economic Challenges

In a new report, property managers cite expanding property portfolios, growing revenue, and improving service and growing staff as the greatest opportunities in 2023. AppFolio, Inc. released its inaugural Property…

Rent Growth in 2023 Likely On Low Side of Normal

The asking rent forecast for 2023 has been downgraded from 3.1 percent to 2.6 percent rent growth in the latest Yardi Matrix Special Bulletin. The report says rent growth continues…

Multifamily Outlook Generally Positive For 2023

Multifamily faces a number of challenges heading into 2023, but all indications are that apartment demand will remain strong and the outlook generally is positive, according to Yardi Matrix Winter…

AG Says City’s Source Of Income Law Unconstitutional

The State of Arizona and City of Tucson have gotten into a spat over the city’s source of income protection ordinance for renters passed in September of 2022. Former Arizona…

The Multifamily Book Is Closed On 2022–What’s In Store For 2023?

Multifamily asking rent growth recorded its second best year this century in 2022, though it finished the year on the downside due to weakening demand and robust supply growth that…

Market Cooldown Continues With Rents Down In 90 Of 100 Top Cities

The market cooldown remains widespread, with rents down in 90 of the nation’s 100 largest cities in December of 2022, Apartment List says in their January report. National rents dropped…

Non-Seasonal Rent Decreases on the Horizon

Non-seasonal decreases in average asking rents are coming, Yardi Matrix says in a special multifamily rent forecast for 2023. Yardi Matrix says interest rates that continue to rise, “will, eventually,…

Two-Thirds Of Renters Renewed Leases In 2022

Almost two-thirds of renters renewed leases in 2022 in a market that’s still hindered by record home prices and surging interest rates, RentCafé says in their year-end report for 2022.…

9 Key Rental Market Trends From 2022 and Impact on 2023

As we close out the year, the Apartment List research team has rounded up a summary of the key rental market trends that defined 2022 and those expected to define…