The apartment market has shifted in a number of ways, not the least of which is moderating national rent growth, but the U.S. national average obscures a marked reshuffling among individual multifamily markets in the country. Less volatile markets that saw slower growth in 2021 and early 2022 have risen to the top of rent growth rankings, while the hyper-growth remote working destinations of yesteryear are seeing more anemic performance that could persist given the amount of new apartment supply scheduled to be completed in those markets.
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