US Multifamily Market Is Softening in Mid-Fall | https://www.samrandhawa.com/disclaimer/

Slide 1 –

U.S. apartment rents fell in October, marking the steepest decline in over 15 years.

Slide 2 –
Average rent hit $1,708, down 0.3% from September, fourth straight month of declines.

Slide 3 –
Year-over-year growth slowed to 0.8%, signaling moderation across most U.S. rental markets.

Slide 4 –
The West led declines (-0.53%), South (-0.28%), Northeast (-0.24%), Midwest (-0.18%).

Slide 5 –
Markets with high new construction face weak rents, while supply-constrained metros continue strong growth.