redIQ reposted this
#Multifamily operational metrics were very consistent with prior weeks. Traffic, leasing, occupancy, and rent growth all had very minor weekly declines due to typical seasonality. The annual change in same store occupancy for stabilized properties has not been positive at the national level since May 2022. That streak continued in the latest week's report, but the occupancy rate was only down 14 basis points from a year ago. That metric should turn positive in early 2025. 🖥️ Blog post: https://lnkd.in/d_jba5gD 🎙️ Listen on Spotify: https://lnkd.in/dFpndXBf 🎧 Listen on Apple: https://lnkd.in/dmfjRb6b #multifamilydata #RealEstateData #MultifamilyMarket #Radix #thetruthindata
