This is a narration of our weekly Rent and Operating Trends Report.
The employment market remains strong despite recent big tech layoffs. Apartment fundamentals had a positive week, with net effective rents nationwide picking up and key metrics such as traffic, leases, and available to rent improving. Nashville, Dallas, Houston, and Denver led in traffic increases, while Nashville, Denver, Jacksonville, and Phoenix were in the top 3 MSAs for new leases. The overall financial system is not overleveraged, and the upcoming economic slowdown is expected to be light and short.
Tune in to find out more information on multifamily dynamics during the week of January 22nd, 2023.
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