An exceptional first three quarters of 2015 sparked the national apartment market to its strongest year in a decade, according to early fourth-quarter/year-end apartment data from Axiometrics, the leader in apartment market and student housing research and analysis.
Axiometrics' research showed:
Annual effective rent growth of 4.7% in the fourth quarter of 2015 represented a 7-basis-point (bps) increase from the figure of one year earlier (also rounded to 4.7%), though it was 35 bps lower than the 5.2% of the third quarter of 2015. The fourth-quarter rate is the highest year-end figure since 2005, when effective rent growth was 5.8%.
Read mmore...Red Hot Apartment Market Generates Highest Year-End Annual Effective Rent Growth Since 2005 | MultifamilyBiz.com:
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