As the second half of the year unfolds, economic crosswinds continue to impact multifamily markets. New York City\u2019s Queens borough remained resilient, however, with rents up 0.6% on a trailing three-month basis through July, to $2,919. Meanwhile, the U.S. rate of growth held steady, at 0.3%. Demand in the borough remained solid, with occupancy recording an uptick of 10 basis points over 12 months, to 98.8% as of June, while national occupancy dropped to 95.0%<\/strong><\/a>.<\/p>\n