• News Corp analysis shows median asking rent across the 50 largest US metros fell to $1,692 in June 2026, down 1.5% year over year.
• Decline extended to 35 straight months; median rent sits $72 below the 2022 peak, still $238 above pre-pandemic levels.
• Multifamily permitting totaled 302,730 units in 2025, up 1.9% from 2024, down 34.4% from the 2022 peak.
• New York and Boston hit their slowest permitting pace since 2019, raising risk of weaker rent relief despite local rent regulation efforts.
• Columbus led permitting momentum at 4.3 units per 1,000 residents; San Jose rent reached a record $3,423, up 3.3% year over year.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. News Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: LA03428) on July 14, 2026, and is solely responsible for the information contained therein.