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Lackluster Renter Demand Cools Off Blistering Apartment Rent Growth

Second-Quarter Slowdown Sends Rents Retreating Even as a Handful of Markets Face Oversupply Threat
So far this year, demand for apartments has been well below already modest expectations. (Getty Images)
So far this year, demand for apartments has been well below already modest expectations. (Getty Images)
By Jay Lybik
CoStar Analytics
July 21, 2022 | 7:20 P.M.

Over the past 90 days, we have seen a significant change in tone for multifamily rent growth. While the record rent growth seen in 2021 was unlikely ever to be repeated, so far this year demand for apartments has performed below somewhat modest expectations.

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News | Lackluster Renter Demand Cools Off Blistering Apartment Rent Growth