Wednesday, October 16, 2013

September 2013 Apartment Market Summary via Axiometrics

Annual effective rent growth at national level has been moderating for the last two years and the trend continued in September. For the month, annual effective rent growth measured 2.99%; occupancy remained at Axiometrics’ forecasted rate of 94.9%.

In line with slowing annual effective rent growth at the national level, Class A and B properties also continued to show signs of moderation for the month. Comparing September 2012 to September 2013, both Class A and B properties decreased in annual effective rent growth, from 3.81% to 2.55% and 3.53% to 3.20%, respectively. In contrast, Class C properties increased annual effective rent growth from 3.73% in September 2012 to 4.32% in September 2013.

Read more...September 2013 Apartment Market Summary

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