A new rent report reveals that the rental market has seemingly flipped: After prices surged throughout 2021 and most of 2022, they've declined almost as quickly for five of the last six months.
Market Trends
These are the average available rates from eXp Commercial's Capital Partner CommLoan database of 700+ commercial lenders as of 3/27/2023 and are provided for comparison purposes only. Actual rates are dependent on property and sponsor.
Although he said the real estate market would experience some pain and distress, he stressed that the credit conditions are far better than they have been in previous downturns.
Inflation and rent growth have cooled slightly, but the demand for renting quality apartments has not. Here are some leasing trends multifamily executives have seen—some new, some already well-established.
We are exploring how the continued evolution of the remote work phenomenon affects the design and management of rental housing.
Join us at the Commercial Deal Makers Forum, a Mainstreet Signature event presented to you by Mainstreet's Commercial Alliance. You will enjoy an interactive and informative round table event where many relevant commercial topics will be discussed by industry experts.