U.S. asking rents are at an all-time high, and in some metros, more than double the average growth

Amid the materials shortages, price hikes, and other craziness of the housing market last year, something remarkable happened. US builders completed more apartments in large multi-unit buildings than ever before.

As of May 5, publicly traded U.S. equity REITs had an average 2021Q4 AFFO payout ratio estimate of 73.6 percent.

ven with the recent, steady rise in rents—by double-digits in many markets—that degree of revenue gains is unsustainable,That brings the focus to expenses. And there’s not a lot of hope that prices will come down, or even what might bring them down, commented a vice president for one leading apartment maintenance and construction distributor last week.

When it comes to property management companies and technology supplier partners, the script has flipped for some this year as it’s tech companies that are showing greater interest in acquiring rather than serving these firms.

Apartment List’s data show vacancy ticked up for seven consecutive months, reaching 5 percent in May. Its rent growth index shows a corresponding trend, as price growth has decelerated this year compared to 2021.