5d ago (edited) in State of Multifamily
Midwest Tight Supply fuels Rent Growth and Occupancy
Midwest's tight apartment supply pushes its annual rent growth well above the US average
"The U.S. multifamily market is still feeling the heat after its rise in apartment complex groundbreakings, leaving the nation with a bloated inventory of four- and five-star properties. Yet, most Midwest markets maintained a construction completion rate below the national average for more than seven years."
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Midwest Tight Supply fuels Rent Growth and Occupancy
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