CoStar Group Inc. Reports Easing U.S. Apartment Rent Growth in Q2 2025 Amidst Supply and Demand Shifts

Reuters
07 Jul
CoStar Group Inc. Reports Easing U.S. Apartment Rent Growth in <a href="https://laohu8.com/S/QTWO">Q2</a> 2025 Amidst Supply and Demand Shifts

CoStar Group Inc.'s Apartments.com has released its Multifamily Rent Growth Report for the second quarter of 2025, highlighting a national year-over-year asking rent growth of 0.9%, a slight decrease from 1.2% in the first quarter. This marks the first easing of rent growth since early 2024. Notably, Austin experienced the most significant rent decline at 4.3%, while San Francisco saw the strongest growth at 5.1%. The report indicates that absorption was primarily driven by luxury 4&5-Star units, though rent growth in this segment remained weak. National rent per unit rose to $1,773, with a stable vacancy rate of 8.2%. Despite a 21% quarterly increase in absorption, supply additions surpassed absorption, continuing a trend from late 2021, although future deliveries may slow due to a decline in construction starts. The report underscores differing market dynamics across regions, with the Midwest and Northeast markets performing strongly due to better-aligned supply and demand conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CoStar Group Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250707370880) on July 07, 2025, and is solely responsible for the information contained therein.

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