The top-tier assets are seeing a slowdown in rent growth, while a trickle-down effect has given Class C assets a big boost.
And the top-tier metros are starting to slow as well. Boston and San Francisco metro areas’ rent growth rates are both below the national average after consistently ranking in the top tier for the last two years, a new Axiometrics report shows.
Boston’s rent growth rate decreased during the first quarter of 2013 falling to 2.9 percent this February, down from 15.9 percent a year ago.
Read more...Top Tier Markets, and Assets, See Slower Rent Growth - Rent Trends - Multifamily Executive Magazine