June 2015's national annual effective rent growth rate of 5.1% represented a 47-month high for the national apartment market and continued a streak of 5.0%-plus rent growth that is the longest in at least six years, according to Axiometrics, the leader in apartment and student housing research and analysis.
Though effective rent growth was also 5.1% in April and February, the June rate was the highest when extended to two decimal points (5.11%), and is the highest rate since the 5.3% of July 2011.
Effective rent growth has reached at least 5.0% for five straight months, the longest such streak since Axiometrics started monthly reporting of annual apartment data in April 2009.
Read more..Apartment Market Maintains Surge in June with Effective Rent Growth at 47-Month High | MultifamilyBiz.com
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