Lawler: Rent Trends at some Large Holders of Multifamily Properties

Today, in the Calculated Risk Real Estate Newsletter: Lawler: Rent Trends at some Large Holders of Multifamily Properties

A brief excerpt:

Below tables showing rent trends at three publicly traded companies owning large numbers of multifamily units – MAA, Equity Residential (EQR), and Avalon Bay Communities (AVB). ...

Not surprisingly, rent growth at all three companies has slowed sharply over the last year. Moreover, rent changes on new move-in’s slowed sharply beginning in the fourth quarter of last year, and were negative for all three companies last quarter.

Note also, however, that the YOY growth in rent renewals, while also down sharply from mid-2022, was still running in the 4 ½% - 5% range in January.

There is much more in the article.