Midwest`s tight apartment supply pushes its annual rent growth well above the US average

Chicago’s historically tight vacancy and build rates should preserve its rent growth momentum into 2025

With historically low vacancy and less supply-side pressure than its peers across the country, Chicago’s multifamily market should maintain its standing on the asking-rent-growth leaderboard into 2025.

Likewise, the Midwest’s muted multifamily construction pipeline — especially compared with the Sun Belt markets — keeps its collective vacancy rate low and its year-over-year asking rent growth above the national norm...

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RSK: If you throw the Madison Market in this you would see numbers off the chart...unless they are already included in the Milwaukee SMSA which I doubt.