Despite short-term challenges in apartment occupancy across the Midwest in August, new research from RealPage suggests that the region's multifamily market continues to outpace the national average.
RealPage evaluated the 50 largest multifamily markets in the U.S. and found that while the national average occupancy rate reached 94.1% in August, the largest markets in the Midwest achieved an average occupancy rate of 94.7%.
In Milwaukee, apartment occupancy reached 95.8% in August, despite a decrease of 80 basis points year over year. The city ranked as the fourth-best performing market in the country, following New York, Newark, and Anaheim, all of which typically maintain occupancy rates above 95.9%.
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