It won’t come as a big surprise to renters that rents rose briskly last year. What they may not realize: It could get a touch harder in 2015 and 2016 for landlords to keep raising rents as aggressively.
Rents have shot up over the past four years as apartment owners enjoyed stronger demand and, crucially, very little new supply.
Now, that’s changing. Rents rose 3.6% last year, according to Reis Inc., a real-estate research firm, and the apartment vacancy rate ended the year at 4.2%, near its lowest level since 2001.
Read more...Why Apartment-Rent Gains Could Begin To Slow Down - Developments - WSJ
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.