Western and southern apartment markets will likely experience the highest rental revenue and job growth the next five years, according to Axiometrics’ apartment forecasts.
The scatterplot chart below illustrates long-term cumulative rental revenue and job growth forecasts for 2015-2020 for 54 of the markets that Axiometrics tracks. The crosshairs represent the national averages. Rental revenue growth is calculated by adding effective rent growth and change in occupancy. As job growth is the primary driver of effective rent growth, one would expect a strong correlation between the two.
Read more...Market Forecasts via Axiometrics
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