Effective rents for class C multifamily assets grew at a rate of 4.3 percent in February, the strongest rate recorded across all property classes, according to an Axiometrics report.
Overall, effective rent growth experienced a slight decline to 3.5 percent last month. The drag on overall growth continues to be class A properties, which declined 1.7 percent year over year to 3.2 percent in February. Class B properties remained steady, posting an annual effective rent growth of 3.6 percent.
Read more...Class C Multifamily Rents Pick Up | CCIM Institute