Columbus, Minneapolis, and Denver were the only major apartment markets that grew both inventory at a faster rate than the US average and posted rent growth above the near-stagnant norm nationally, according to a new report from RealPage Analytics.
The three grew total inventories between 3% and 3.2% in 2023 – which is within 40 bps of the national norm.
RealPage analyst Julia Bunch writes that there is a direct inverse relationship between apartment rent growth and apartment inventory growth.
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