Shrugging off inflationary concerns, apartment rents in nearly every market continue to rise, setting all-time highs in year-over-year growth, according to leading apartment analyst firms' data released this week.
"May's yearly rents at the market level remain well above historical averages, despite our data showing rents moderating from the record highs posted last year," Jay Lybik, national director of multifamily analytics, CoStar Group, parent company of Apartments.com, said in prepared remarks.
"Furthermore, the acceleration seen in the monthly data for most markets points to a solid spring leasing season in progress."
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