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2022 Q1 Multifamily Columbia Report

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Multifamily market will stabilize this year

Key Takeaways

  • 535 units will deliver in 2022
  • Monthly asking rental rates increased 9.62% year-over-year for new leases

As apartment prices continue to increase quarter-over-quarter and single-family home deliveries rise, many renters are choosing to buy homes. However, high-quality apartments such as The Palms on Main were pre-leasing prior to delivery.

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2022 Q1 Multifamily Columbia Report

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