Tuesday, June 5, 2018

Multifamily Rent Growth Stalls in Top Markets via National Real Estate Investor

While apartment rents are still growing nationally, in a few cities and submarkets rents are growing more slowly or even beginning to shrink.

“The only spots where you might find effective rents dropping are in locations affected by a large number of new developments leasing up,” says Ron Witten, founder of data firm Witten Advisors, based in Dallas. “The concessions which these projects offer during initial lease-up sometimes spread to nearby properties.”

Read more...Multifamily Rent Growth Stalls in Top Markets | National Real Estate Investor

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