According to a recent report from apartment research company Axiometrics, the U.S. apartment market has remained strong through the first half of 2014, thanks in part to low concession rates, high annualized rent growth and occupancy rates. The Oakland, Calif., major metropolitan market is hot with the Denver, Miami, Atlanta and Seattle markets also posting strong numbers.
“In April, 2014 year-to-date (YTD) effective rent growth just edged 2011 and 2012 to position itself as the strongest year of the recovery,” says Jay Denton, Axiometrics vice president of research. “The apartment market’s performance in the past two months has widened the gap.”
Read more...Apartment Market Remains Strong in First Half of 2014 | Multi-Housing News Online
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