Mark down CoStar as perhaps the first apartment analyst firm to say a "perfect recipe" has been created for the rental market to experience rising vacancy rates in the next six months.
Rent growth continues with a national year over year increase of 9.2% in Q2, down from 11.4% in the first quarter.
"These findings mark a continued downward trend in rent growth, with this now being the third quarter in a row of diminishing demand," its report said. The vacancy rate also was up 10 basis points to 5% nationally.
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