Decline in Asking Rents Across U.S. Metros Amid Supply-Demand Imbalance
By
MilnerRoute
Right out the toaster. Reliable, with some real depth.
Summary
Asking rents fell year-over-year in a majority of major U.S. metro areas in May, the most significant decline in two years, due to struggling demand against increasing supply.
Key quotes
· 1 pulled"Asking rents fell Y/Y in May in a majority of major U.S. metro areas -- the most in two years -- as demand struggled to keep up with swelling supply."
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