During the first quarter of 2025, net absorption, or the difference between move-ins and move-outs, fell slightly from its level in the prior year to just under 1,000 units, representing a 12% decline.
During the first quarter of 2025, net absorption, or the difference between move-ins and move-outs, fell slightly from its level in the prior year to just under 1,000 units, representing a 12% decline.
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