Multifamily rents and occupancies are rising across the country. While that trend is still strongest in suburban counties, it has also taken hold in the nation's urban core counties, according to a new report from Cushman & Wakefield.

In urban core counties, revenue per available square foot has recovered most on B and C apartments in the South, Midwest and in secondary and tertiary markets. But in the last couple of months, class A properties and major markets have experienced the most significant improvement. For instance, Boston, Chicago and San Francisco have had a strong rebound this year.

Revenue per available square foot increased year-to-date in every market in C&W's data set, but the Sunbelt markets have the most substantial growth. In Chicago, it is back to its pre-pandemic levels. Soon it will also surpass those levels in Boston, Los Angeles and Washington, DC. San Francisco and New York have a ways to go before turning the corner.