Property Management News
Using Zillow Observed Rent Index data, this analysis compares average rent levels in the New York City metro area with the US average, tracking the percentage premium paid by NYC-area renters from January 2015 through March 2026. Renters have always paid a premium to live in the New York City metro area. The more interesting question is how much of a premium. As of March 2026, average rents in the NYC metro area were 74.7% higher than the national average, according to Zillow Observed Rent Index data. That is a substantial premium, but it is also a moving target. Over the past decade, the NYC rent premium has gone through three distinct phases: pre-pandemic compression, pandemic... Read more
KEY TAKEAWAYS Class B apartments are outperforming both Class A and Class C segments due to stable demand and lower risk exposure. Class B assets benefit from strong...
Renters are getting a bit of relief as landlords offer more concessions — like free rent or waived fees — to fill units in a cooling market. Rent growth has slowed...
Rents are still rising nationwide, but at a slower pace than in years past. Plus, income is now growing at a faster pace and the slowdown is relieving some renters of...
Incomes are rising faster than rents nationwide, putting an extra $193 a month back in renters’ pockets The typical U.S. asking rent was $1,910 in March, up 1.8%...
KEY TAKEAWAYS Two-bedroom apartments posted the largest year-over-year rent decline at 1.7%. Overall multifamily rents have fallen for over 30 consecutive months across major US metros. Renting remains more affordable than homeownership, with a 55% average monthly cost gap. Despite recent declines, rents remain about 17% higher than in 2019. Two-Bedroom Units See Steepest Drop The multifamily sector’s rent slide continued in March, extending beyond 30 months of annual declines, reports Globe St. Two-bedroom apartments recorded the steepest drop. Median asking rents fell 1.7% year-over-year to $1,859. This decline outpaced both studio and one-bedroom units. Meanwhile, studio rents... Read more
Residents are gaining more than a place to live at Arbor 515 in Salt Lake City. The new development—a conversion of a former office building—provides 96 affordable...
KEY TAKEAWAYS Rental demand slowed in late 2025, with a record number of cost-burdened households. Asking rents have flattened or declined in most regions, especially...
Demand for multifamily units continues to grow. But at the same time, a growing number of renters are struggling to afford the monthly cost of these units. Apartment...
A New York appeals court struck down a state law banning discrimination against tenants who use Section 8 vouchers, ruling that the 2019 source-of-income protections...
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