Apartments continued a five-month streak of rent growth exceeding 5% in June, the longest such run in at least six years, according to Axiometrics. June’s figure of 5.11% was the highest in 47 months, edging out April and February’s figures by a decimal point.
“Rent growth is just shy of the post-recession peak, and the June metrics reflect the continued strength of the apartment market,” says Stephanie McCleskey, VP of research at Dallas-based Axiometrics. “The demand for apartments is still strong, despite the record number of new units being delivered this year.”
Read more...Apts. Continue Run of Rent Growth - Daily News Article - GlobeSt.com
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