The U.S. apartment market is ending 2014 with the strongest fourth-quarter annual effective rent growth in nine years,Strong_pic according to early release apartment data from Axiometrics, the leader in apartment research and data.
Annual effective rent growth in the fourth quarter of 2014 was 4.5%, according to the preliminary figures, a 47-basis-point (bps) increase from the 4.1% recorded in the third quarter and a 173-bps rise from the 2.8% of the fourth quarter of 2013. This quarter’s rate represents the strongest quarter overall since measuring 4.9% in 2011’s third quarter, and the highest fourth-quarter figure since the 5.8% of 2005.
Read more...4th-Quarter Surge
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