This is a narration of our weekly Rent and Operating Trends Report.
The capital markets are experiencing volatility due to slightly higher than expected inflation numbers, causing investors to seek stability. However, employment remains strong with new unemployment claims falling below 200,000 for the fifth consecutive week. Multifamily rent and metrics were flat in February, except for Chicago, which saw growth in traffic, leasing, and occupancy, leading to an increase in rent.
Tune in to find out more information on multifamily dynamics during the week of February 26th, 2023.
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