More evidence that multifamily is proceeding from strength to strength. A month ago, Axiometrics released data showing that apartment rent growth hit a post-recession peak; this time, it’s occupancy that is posting the strongest national performance since the Dallas-based firm began keeping track on a monthly basis.
As of May, national apartment occupancy had reached 95%, Axiometrics said Thursday. Stephanie McCleskey, the firm’s director of research, says Axiometrics began tracking apartment data on a monthly basis in April 2008, “and this is the first time since then that occupancy has been 95%.” It has risen steadily for the past four months, she adds.
Read more...Apartment Occupancy Reaches 95% - Daily News Article - GlobeSt.com
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