Rent growth at apartment properties across the country has slowed appreciably. Last month, they increased by $7/unit, or 0.4 percent from the previous month, to $1,726/unit, according to Yardi Matrix. That’s in contrast with a year ago, when rents had increased across the country by $19/unit, or 1.1 percent from the previous month.

The post Multifamily Rents Increase by 1.4 Percent in 1H 2023 appeared first on Commercial Real Estate Direct.