Nationally, monthly employment growth has exceeded 200,000 jobs for the past nine months. Locally, the progress has been more variable, and one indicator of this is the correlation between job growth and rent growth, which dovetail 83% of the time.
When these two statistics don't jibe, a market experiences “high job growth and low effective rent growth or vice versa, according to a report from Dallas-based Axiometrics, which examined the top 54 apartment markets to see how each fared. “In such situations, something other than job growth influences effective rent growth.”
Read more...Job Growth, Rent Growth Match Up - Daily News Article - GlobeSt.com
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