After a highly volatile few years, apartment rent performance continues to find its way back to norms.
RealPage reported that apartment occupancy dropped 80 basis points year-over-year nationally, coming down from 2022 peaks, and returning to its long-term normal range.
However some markets have proven to be outliers, such as San Francisco, according to RealPage analyst Kim O'Brien. It was the only market to see occupancy increase during the year, its rate inching up 10 bps.
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