• Sun. May 26th, 2024

For the Initial Time Ever, Midwest Multifamily Lease Development Takes the Crown

Bynewsmagzines

Feb 23, 2023
Demand for apartments remained steady throughout the Midwest in 2022. Minneapolis, Minnesota,  for example, absorbed 7,500 units—more than any U.S. Sun Belt market. (Getty Images)

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Multifamily rent development in the Midwest was specially weak in 2021. At a time when other U.S. areas had been going through double-digit lease development, the American heartland was the moment again the multifamily laggard or mentioned a different way, the most-cost-effective housing area. The location has turned out yr immediately after 12 months of slower rent progress than other regions and started out 2022 lifeless previous.

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