Housing
Apartment rents weaken further as war and job cuts weigh on demand
March rents were down 1.7% on an annual basis, the largest drop since Apartment List began tracking in 2017 and larger than the early months of Covid.


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March rents were down 1.7% on an annual basis, the largest drop since Apartment List began tracking in 2017 and larger than the early months of Covid.

A good supply of new multifamily units is coming online at a time of much weaker demand.

Apartment vacancies are still rising due to a glut of new apartments hitting the market in the past few years. Rents are down from a year ago.

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