August apartment rents turn positive for the first time in four years
Apartment rents are finally turning positive as vacancies drop, thanks to less new supply.
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BREAKING — CNBC Real Estate reports that apartment rents turned positive in August for the first time in four years, a shift driven by falling vacancies as the wave of new construction begins to recede. After a prolonged period of flat or declining rents, landlords are regaining modest pricing power as the supply pipeline thins and demand holds steady. The market is tilting from oversupply toward something closer to equilibrium, though the pace and durability of that shift remain to be seen.
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Source: CNBC Real Estate, “August apartment rents turn positive for the first time in four years”. Read the original →
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