COMMERCIAL REAL ESTATE'S ECONOMIC ADVISORS

National rents rose 1.2% year-over-year in February, down from 1.4% in January and 1.6% in December, marking a continued slowdown from the modest re-acceleration observed in late 2024. While rent growth remains positive, the trend has clearly softened, reflecting ongoing supply pressures and a normalization in demand following the post-pandemic surge.

Ongoing racial disparities in income and wealth, and their tendency to endure across a person’s lifecycle, result in similar racial gaps in retirement security.

A data-driven look at how utility costs as a share of rent have changed for multifamily renters since 2000, based on American Community Survey microdata.

Released annually, the report is a snapshot of the intersection of racial disparities in US housing and inequities in other socioeconomic dimensions, such as education, geography, income, and evolving economic conditions.