Two publicly traded apartment landlords are combining in an $8.1 billion deal that will put more than 44,000 apartments under one company—and create a portfolio built around a particular view of where rental demand will hold up best. Independence Realty Trust and...
New York City’s Rent Guidelines Board has fulfilled a campaign promise by Mayor Zohran Mamdani by voting 7-1 for freezing rent increases on the one- and two-year leases for nearly one million rent-regulated apartments. According to the Wall Street Journal, the freeze...
Apartment rents recorded an extremely mild 0.2% uptick in May, with the national average rising to $1,737 from April’s upwardly revised level of $1,733. According to data from Apartments.com, a CoStar Group (NASDAQ: CSGP) marketplace, May marked the sixth consecutive...
The national average apartment rent in April was $1,730, a 0.2% increase from March’s upwardly revised level of $1,727. According to data from Apartsment.com, a subsidiary of CoStar Group Inc. (NASDAQ: CSGP), April was the fifth consecutive month of positive rent...
Canada’s national apartment vacancy rate rose to 5.1% during the first quarter, up 110 basis points year-over-year and the ninth consecutive quarterly increase. According to new data from Yardi, in-place rent growth slowed to an average of 2.7% annually – the lowest...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
