Market Report
Cincinnati Among Q3 Rent Growth Leaders, Says CoStar
October 21, 2024
Limited New Development in Cincinnati is Supporting Healthy Rent Gains We’ve been through several cycles over the years, so it’s no surprise that many Midwestern rental markets are having their day in the rent growth sun while sunbelt markets are busy absorbing record new supply and rents in those markets are declining. Midwest markets are…
Columbus Among Top US Markets for Apartment Rent Growth
July 15, 2024
Columbus, Ohio, ended the second quarter with one of the strongest 12-month rent growth figures of any major apartment market in the United States. Apartment rents in Columbus climbed 2.9% over the past year, according to CoStar data. That is among the top 10 markets in the U.S. with an inventory of at least 75,000 units….
Midwest Could Maintain Multifamily Rent Growth Leadership Into 2025
June 20, 2024
Louisville, Kentucky, has led the Midwest as the surprising market leader in multifamily rent growth over other parts of the country. Louisville apartments posted an average annual rate increase of 5.1% with a vacancy rate of 7.0%. The Midwest has emerged as a surprising leader in apartment rent growth, a trend that began at the…