During the three months of 2014, the U.S. apartment market logged a surprisingly good performance considering the severe winter weather experienced by most of the country. As the weather turned warm during the second quarter, the industry wondered if that momentum could be continued.
According to just-released data from MPF Research, the U.S. apartment market had a stellar performance for the second quarter of 2014.
Apartment owners and operators continue to have strong pricing power as quarterly rent growth for new leases in the 100 largest U.S. apartment markets reached a 14-year high, increasing 1.9 percent during the second quarter of 2014. Monthly rents across the nation now average $1,153.
Read more...Quarterly Apartment Rent Growth Hits 14-Year High | Property Management Insider
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