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Special Report

Multifamily Momentum Special Report

March 2024

Markets With Momentum — Key Insights from Special Report
Highlighting Rent Growth Acceleration in Early 2024 

U.S. apartment rents inched up during the initial two months of 2024, reversing the trend of monthly losses recorded in the last half of 2023. Through February, the vacancy rate held steady. Stemming performance deterioration during the coldest weather months set the stage for additional momentum as the seasonal prime leasing season begins. 


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