Daily Market Updates: Apartment rents turn positive for first time in four years

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Apartment rents turn positive for first time in four years

The rent rebound is tied to falling vacancy rates and a slowdown in new apartment supply.

Reported · Written up by our desk · Residential

Apartment rents have turned positive for the first time in four years, signaling an easing in the long stretch of falling or stagnant pricing in the sector, according to CNBC Real Estate.

CNBC Real Estate reports that the shift is coming as vacancies decline, supported by less new supply entering the market.

The outlet attributes the improvement in rental momentum to the combination of tighter availability and reduced delivery of new units.

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Sources

CNBC Real EstateAugust apartment rents turn positive for the first time in four years

Real Estate

Apartment rents turn positive for first time in four years

More like this

Sources

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