Columbus, Minneapolis, and Denver were the only major apartment markets that grew both inventory at a faster rate than the US average and posted rent growth above the near-stagnant norm nationally, according to a new report from RealPage Analytics.
The three grew total inventories between 3% and 3.2% in 2023 – which is within 40 bps of the national norm.
RealPage analyst Julia Bunch writes that there is a direct inverse relationship between apartment rent growth and apartment inventory growth.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
