Quote:
Originally Posted by The ATX
...and average rent has dropped close to 5% YOY. Keep building because the people keep moving here.
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Per the Cushman Wakefield report, Year over Year effective rent "growth" was -8.15% metro-wide and -7.92% for the CBD.
To add more metro info, metro-wide, 6,500 units were absorbed during 2023. 15,781 new units were delivered to the market, and another 50,517 are under construction. (Current total inventory is 251,145.)