The U.S. apartment market once again stayed hot in the 2nd quarter of 2022 versus other property sectors as the economy has started to face some headwinds. While having another strong quarter, some indicators show that
conditions are beginning to cool off. Occupancy began to decrease slightly in almost all of the nation’s top 150 apartment markets in the second quarter. Averaging 96.8% occupancy that rate is down 0.8 points quarterover-quarter, but up 0.6 points on a year-over-year basis.