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Downward Rent Growth Revisions Favor Tenants

Yardi Matrix says a recession will likely begin in the second half of 2023.

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Yardi Matrix has revised downward its apartment rent forecast for 2023 to 3.1% from 3.5% and expects to see all that growth in the first two to three quarters of the year, according to Andrew Semmes, senior research analyst.

However, Semmes said that he’s not at the point where he expects nonseasonal broad-based rent declines.

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Paul Bergeron

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