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Multifamily rents rise but occupancy wanes Multifamily advertised rents increased nationally in May, but growth is flat year year-over-year. High interest rates have curbed property sales volume while weak consumer sentiment has limited renter demand, pushing national occupancy rates down to their lowest levels since 2013.
Multifamily advertised rents increased nationally in May, but growth is flat year year-over-year. High interest rates have curbed property sales volume while weak consumer sentiment has limited renter demand, pushing national occupancy rates down to their lowest levels since 2013.
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