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Preleasing Pace, Rent Growth Decelerate in July Surveyed preleasing for the Yardi 200 schools reached 89.2% in July 2024, falling slightly behind July 2023 after leading for most of the leasing season last year, while advertised rent growth slowed to 4.7% from close to 7% early in the leasing season. Preleasing is still noticeably ahead of its pre-pandemic trend and rent growth is well above conventional multifamily, thanks to favorable supply-demand fundamentals.
Surveyed preleasing for the Yardi 200 schools reached 89.2% in July 2024, falling slightly behind July 2023 after leading for most of the leasing season last year, while advertised rent growth slowed to 4.7% from close to 7% early in the leasing season. Preleasing is still noticeably ahead of its pre-pandemic trend and rent growth is well above conventional multifamily, thanks to favorable supply-demand fundamentals.
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