Rents were down 0.3% from April, when they declined 0.5% from the previous month, according to Yardi Matrix.
May rent collections remained robust, at 93.3% of apartment households, Yardi Matrix said, citing the National Multifamily Housing Council.
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Evolving Landscape of Commercial Lending: A Look at New Trends Explore the latest trends in commercial lending, focusing on hybrid loan structures, advanced technology integration, and sustainability efforts, shaping the future of the mortgage industry.
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Multifamily Rents Keep Falling Despite Prime Leasing Season
Multifamily rents extended their nationwide decline in May despite what would typically be the height of prime leasing season, according to new research from commercial real estate data firm Yardi Matrix. So reports GlobeSt.com.
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