The national apartment market experienced a slight uptick in annual effective rent growth during March 2014, increasing at a rate of 3.1 percent, according to the monthly report by Axiometrics.
The increase marked the first time the annual rate climbed above 3 percent since September 2013. In February, the growth was 2.8 percent.
According to the report, the occupancy rate of 94.5 percent in March is an increase of 20 basis points from February and represents a leap of 45 basis points from January.
Read more...Axiometrics Report Highlights Apartment Rent Growth in March | Multi-Housing News Online
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