Apartment Rent Growth Levels Hits New Highs For Both New Leases and Renewals via Property Management Insider

The U.S. apartment industry continues to exceed performance expectations, with real rent growth levels in April 2015 surpassing the cycle’s previous peak set back in 2011.

New highs in rent growth were seen for both new resident leases and for renewal leases.

April 2015, total lease-over-lease rent growth nationally measured 6.1% — well above the 2011 peak of 5.3%, based on actual executed rents for both new leases and renewals. (Lease-over-lease rent growth, also called trade-out, is a comparison between the previous lease effective rent to the new lease effective rent on the same unit.)

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