Apartment Occupancy Rate Sets Record with Fourth Consecutive Month Increase in May via MultifamilyBiz.com

The national apartment market recorded a monthly occupancy rate of 95.3% in May 2015, along with annual effective rent growth of 5.0% -- the fourth straight month the metric was at or above 5% -- according to Axiometrics, the leader in apartment and student housing research and analysis.

"The May rate historically is the start of each year's occupancy peak, meaning occupancy should remain at the current level or higher," said Stephanie McCleskey, Axiometrics Vice President of Research. "However, the market is considered functionally full at 95%, so increases might not be too large."

Read more...Apartment Occupancy Rate Sets Record with Fourth Consecutive Month Increase in May | MultifamilyBiz.com