April gave a strong hint that 2015 may be another good year for apartments. “An impressive start to the peak leasing season could point to another big year for the U.S. apartment industry—counter to mainstream expectations of slowing momentum,” says Jay Parsons, director of analytics and forecasts for MPF Research and RealPage Inc.
Apartment rents grew more quickly in April than in any other month since the recovery from the financial crisis, according to data released by MPF on May 11. “Rent growth in April 2015 topped the previous highs we saw during this cycle back in 2011,” says Parsons.
Read more...Good News for Multifamily Rent Growth | Multifamily content from National Real Estate Investor
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