Newmark：2025年第三季度美国多户住宅资本市场状况及趋势报告（英文版）

The U.S multifamily sector continues to benefit as renting remains a significantly more cost-effective alternative to homeownership. The third quarter showed signs of cooling absorption following an unprecedented surge in demand. While overall leasing activity has moderated, the Sunbelt continues to outperform other regions, with demand remaining strong relative to existing inventory. However, rent growth turned negative on a year-over-year basis, partly due to competition for renters in high