56 of 136 markets forecasted in the United States saw month over month declines. The United States as a whole had month over month average asking rents increase only by one tenth of a percent for September. That is the lowest increase for September since 2017. There have been 18 months of record-breaking average rent increases that have now come...

The overall average U.S. asking rents have decreased by $1 (or 0.1%) in August down to $1,718 (as seen in the graph below) and year over year growth has actually decelerated by 170 basis points to 10.9%. This decrease in rent is the first time since June of 2020 where there hasn’t been growth in the market rents. This slowdown...

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