Nashville multifamily fundamentals were mixed at the start of the second half, as improving short-term rent momentum contrasted with elevated supply and softening occupancy. Advertised asking rents rose 0.3%, on a trailing three-month basis through July, to $1,681, above the 0.2% U.S. uptick to $1,771, as per the U.S. multifamily market report<\/strong><\/a>.\u00a0 Yet, local rate movement was still down 0.9% year-over-year vs. a 0.2% national gain. Local occupancy in stabilized assets fell 80 basis points over 12 months, to 93.6% in June.<\/p>\n\n\n