COMMERCIAL REAL ESTATE'S ECONOMIC ADVISORS

NYC rent growth remained ahead of the national trend through August, with the Bronx now leading both annual growth and recent momentum.

US multifamily rent growth reached 2.2% year-over-year in August as monthly momentum remained strong and rent gains broadened across more metro areas.

The September 2026 Independent Landlord Rental Performance Report from Chandan Economics and RentRedi shows further improvement across independently operated rental properties. On-time payments rose to 83.2%, year-over-year collections strengthened by 91 basis points, and multifamily continued to narrow the performance gap with smaller rental formats.

This week’s Rental Housing Weekly Briefing examines the Federal Reserve’s September rate hike and a materially higher projected path for interest rates, alongside the latest Arbor–Chandan Single-Family Rental Investment Trends Report, which shows improving SFR operating fundamentals and stabilizing capital-market conditions even as borrowing costs remain elevated.

CPI is the last major data release before the FOMC convenes on September 15–16, amid increasingly hawkish projections for its upcoming interest rate decision.

This week’s Rental Housing Weekly Briefing examines the August jobs report, where stronger-than-expected payroll growth and upward revisions to prior months improved the near-term employment picture but reinforced upward pressure on interest rates, alongside a new Chandan Economics–Arbor Realty Trust analysis showing that build-to-rent construction remains elevated despite moderating from its 2024 peak.

August’s stronger-than-expected job gains, on top of the June and July revisions, give hawks additional fodder for the September meeting.

This week’s Rental Housing Weekly Briefing examines the latest Chandan Economics–RentRedi data showing continued stabilization in mom-and-pop rent collections, with on-time payments improving in August and year-over-year performance strengthening, alongside new Trepp analysis showing that multifamily expense growth cooled in 2025 even as revenue and NOI growth also slowed.