Classy Apartment Assets, Apartment Assets by Class via Axiometrics

In a previous blog, we delved into the overall story behind the national effective rent growth in the apartment markets. Just as instructive when discussing effective rent growth is an analysis of rent growth by asset class.

The news here is that class C assets have been experiencing a higher effective rent growth in recent quarters than their class A counterparts.

Our recent statistics show that, for example, class A effective rent growth stood at just under 2.8%, while class C effective rent growth stood at 4.0%. Take a look at the chart and you’ll see this changed greatly from 2010.

So let’s examine what’s going on, from a class perspective.

Read more...Classy Apartment Assets, Apartment Assets by Class via Axiometrics