A Tale of Two Cities: The Urban v Suburban Analysis
The multifamily sector has had a stellar year in 2015, delighting both investors and developers. The metrics tell the story; according to Axiometrics, the apartment research firm, the national annual effective rent growth in November stood at 4.6%, while occupancy was 95%.
Digging deeper, it is clear, however, that urban markets are underperforming their suburban counterparts. Axiometrics’ figures put annual effective rent growth in urban markets at 2.7%, and occupancy at 95%. By comparison, the rent growth in suburban markets was 5.2%, and occupancy was also 95%.
But the urban-suburban differential isn’t the same in all markets.
Read more...Capital One Multifamily News | Capital One Multifamily
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