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U.S. multifamily rents flat at $1,740 in Feb, with declining occupancy due to weak jobs, lower population growth, and oversupply.
U.S. multifamily rents held flat at $1,740 in February, with occupancy down slightly year over year, driven by weak job growth, declining population growth due to reduced immigration and birth rates, and a persistent oversupply of units.
Rent declines were widespread, especially in Los Angeles and Phoenix, while New York, San Francisco, and Chicago saw gains.
Office vacancies fell to 17.6% amid shrinking construction, but rents dipped slightly.
Single-family rent growth slowed to 1.3% in January, with many markets seeing declines, though affordability remains a major issue.
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Los alquileres de pisos multifamiliares en Estados Unidos alcanzaron los $1,740 en febrero, con una disminución de la ocupación debido a empleos débiles, menor crecimiento de la población y sobreoferta.