The June 2015 edition of Matrix Monthly, a report on U.S. apartment market trends from Yardi®, documents a robust 6.3 percent year-over-year increase in average rents across the country. Rents rose by 1.3 percent month-over-month in June, the largest increase since the last recession, and are now at an all-time high of $1,150.
Continued rent escalation in San Francisco, Denver, Jacksonville, Fla., and Portland, Ore., accounted for much of the average rent increase in June. Demand for higher-end product also contributed to this trend.
Read more...Matrix Monthly Reports Rent Growth Acceleration in June | Multi-Housing News Online
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.