Asking Rents for Newly Built Apartments Rise 1.5% -- Market Talk

Dow Jones12-16

0945 ET - Asking rents for newly constructed apartments in the U.S. surged by 1.5% in 3Q, hitting a median of $1,802, the highest year-over-year increase in 18 months. After two quarters of decline, rents rebounded from a low of $1,714. Regionally, the Northeast saw a 3.6% decrease in rents despite increased construction, while the West, Midwest, and South saw increases of 4.4%, 3.3%, and 1.1% respectively, even with significant new apartment completions. The West region saw the biggest uptick in median rents, despite seeing a 34.1% jump in new apartments being completed. Midwest asking rents saw a 47% increase in new apartment completions. Redfin found that just over half of newly constructed apartments completed in 2Q were rented out within three months. (chris.wack@wsj.com)

(END) Dow Jones Newswires

December 16, 2024 09:46 ET (14:46 GMT)

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The West region saw the biggest uptick in median rents, despite seeing a 34.1% jump in new apartments being completed. Midwest asking rents saw a 47% increase in new apartment completions. Redfin found that just over half of newly constructed apartments completed in 2Q were rented out within three months. 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After two quarters of decline, ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4079","symbol_name":"房地产服务","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2491692180","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2491692180","pubTimestamp":1734360360,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0945 ET - Asking rents for newly constructed apartments in the U.S. surged by 1.5% in 3Q, hitting a median of $1,802, the highest year-over-year increase in 18 months. 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