Origin Investments Predicts Fourth Largest Annual Rent Growth Decline in United States History in Comprehensive Forecast Report
CHICAGO, IL - Origin Investments’ proprietary suite of machine learning models, Origin Multilytics, is forecasting that for the 12-month period from February 2023 to January 2024, year-over-year Class A apartment rent growth nationally will be negative by as much as 2% (-2%), the fourth largest rent decline in U.S. history, behind only World War I, the Great Depression, and the Great Financial Crisis. Negative rent growth also will occur in various regions, and in key gateway and...
Source: multifamilybiz.com