Apartment Market Effective Rent Growth: Down, But Definitely Not Out via Axiometrics

We’ve been saying it for the past few quarters: National effective rent growth continues to decline. During the summer of 2011, effective rent growth topped out at around 5.75%. From that point, we saw a gradual decline in effective rent growth — as of April 2013, rent growth was hovering around the 3.1% mark.

There are many reasons for this, and we’ll examine them in upcoming blogs. But before pushing the panic button and declaring that the apartment sector is dead, let’s look at a few salient facts.

Not all markets are created equal. The 3.1% effective rent growth mentioned above refers to the national average.

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