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Elevated Rent, High Inflation Cut Into Demand for the Most Affordable Multifamily Units

Bynewsmagzines

May 9, 2023
Elevated Rent, High Inflation Cut Into Demand for the Most Affordable Multifamily Units


The multifamily real estate market is grappling with a complex challenge of prolonged weakness in demand for apartment units in the middle- and lower-priced property segments. Financial pressure on these lower-income renter households has been exacerbated by rising rent and inflation, leading to decreased demand in markets with the largest rent increases.

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