The top three rent-growth markets of 2013 all happen to be the nation's top technology Meccas: San Jose, Calif.; Seattle; and San Francisco, according to New York–based market research firm Reis. No surprises there, as the Bay Area is a traditional rent-growth powerhouse, and Seattle isn't exactly know for its low cost of living either.
But geeks don't have all the fun. Perennially under-valued Minneapolis charts in the Top 5. And Fort Lauderdale, Fla., once the poster child of distress, ties for eighth place in Reis' tally. The city's inclusion on the list is a welcome and unexpected surprise.
Read more...Top 10 Rent-Growth Markets - Business, Mergers And Acquisitions - Multifamily Executive Magazine