January’s numbers for the apartment market nationally were the strongest for the month since the recession ended, Axiometrics said Tuesday. The month yielded annual effective rent growth of 4.9% and occupancy of 94.6%. By comparison, last January’s annual effective rent growth for multifamily was 202 basis points lower at 2.9%.
“We expected rent growth to moderate in 2015 after the spectacular growth of 2014,” says Stephanie McCleskey, VP of research at Dallas-based Axiometrics. Yet January’s results speak to “an apartment market that is continuing the strength” of the past 12 months.
Read more...Apt. Gains Continue into 2015 - Daily News Article - GlobeSt.com
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