Apartments.com Publishes Multifamily Rent Report for Second Quarter of 2024
July 10, 2024 02:30 PM Eastern Daylight Time
WASHINGTON--(BUSINESS WIRE)--Today, Apartments.com – a CoStar Group online marketplace – released an in-depth report of multifamily rent trends for the second quarter of 2024
In Q2 2024, the U.S. multifamily market saw strong demand, with vacancy steady at 7.8% and modest rent growth. Midwest and Northeast markets performed well, while the South struggled with oversupply. Luxury units lagged in rent growth, but mid-priced properties saw increased demand.
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