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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Carlsbad, CA 92008, USA

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