This is a narration of our weekly Rent and Operating Trends Report.
The multifamily real estate market is showing growth in traffic and improving leases. Traffic growth is led by Chicago and Charlotte, with an average increase of 0.7 tours per property nationwide. Occupancy rates are improving, and NER increases 10 basis points nationwide, expected to rise further in March. Gateway markets and secondary markets are seeing positive growth in occupancy rates.
Tune in to find out more information on multifamily dynamics during the week of January 29th, 2023.
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