Rochester is the 64th largest multifamily market with 62,120 completed units and 7,193 units in development, 2,135 of which have already broken ground, as of December 2021.
Rochester Multifamily Market Summary – December 2021
New lease asking rents are at $1,191, up 8.3%▲
from the previous year placing Rochester at 94th
overall in year-over-year rent growth.