According to Axiometrics, effective rent growth (rent net of concessions) slowed somewhat during August, to a rate of 0.34%. This was the lowest rate of growth since December of 2010. Despite the August slowdown, however, effective rent growth for 2011 is still poised to be higher than it was in 2010.
Dallas, which was a bottom dweller in terms of annual rent growth a year ago, now is among the top growth markets.
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Effective Rent Growth Slows Occupancy Increases August
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