Thursday, September 19, 2013

August 2013 Apartment Market Summary via Axiometrics

After a slight uptick in annual effective rent growth in May and June, the growth rate began to moderate once again in August. For the month, annual effective rent growth measured 3.20%; occupancy reached Axiometrics’ forecasted rate of 94.9%.

In line with slowing annual effective rent growth at the national level during August, Class A and B properties also showed signs of moderation for the month. Comparing August 2012 to August 2013, both Class A and B properties decreased in annual effective rent growth, from 3.70% to 2.95% and 3.43% to 3.24%, respectively. In contrast, Class C properties increased annual effective rent growth from 3.68% in August 2012 to 4.17% in August 2013.

Read more...August 2013 Apartment Market Summary

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