Rent growth in the apartment sector experienced a revival in the second quarter, according to a market report form MPF Research, a division of Texas-based Real Page, Inc.
Over the last year, rents for new leases grew at an annual pace of 3.1 percent following a slowdown in the previous quarter. In the first quarter of this year, annual rents were up by just 2.6 percent, marking the weakest growth since late 2010, according to MPF Research. On a quarterly basis, rents inched up by 1.6 percent.
At the same time, the national apartment occupancy rate also moved higher, increasing to 95.3 percent from 94.9 percent in previous quarter.
Read more...Report: Rent Growth Picks Up in Q2
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.