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Multifamily Rentals Continue Slide in May

By Patrick Smith

In what is normally considered prime leasing season, rents declined nationally by .3% month over month, with the largest drops in gateway markets, according to Yardi Matrix.

In what is normally considered prime leasing season, rents declined nationally by .3% month over month, with the largest drops in gateway markets that were the first to implement pandemic- inspired lockdowns, according to a report released by commercial real estate data and research company Yardi Matrix.

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