Chandan's October update reports annual multifamily rent growth hit 2.4% in September, up from 2.2% in August and 1.9% in July, marking six straight months of acceleration. Monthly growth eased to 0.34%, and 70.9% of US metros posted monthly rent gains, down from 73.7% in August.
Why it matters to multifamily marketers
Marketers should check whether their metro sits with leaders like San Francisco at +12.7% or laggards like San Antonio at minus 1.7%, since the national average hides where concessions could still be the deciding factor.