The dog days of summer seem to have brought more of the same for the rental industry as occupancy hit another high, according to the latest analysis from Dallas-based research firm Axiometrics.
August tallied an effective rent growth rate of 5.1%, which was the seventh straight month that rent increases came in above 5%. That growth rate was an eight basis-point decline from July, but well above the August 2014 mark of 4.1%.
Read more...Occupancy Hits Record Levels in August | Multifamily Executive Magazine | Rents, Rent Trends, Occupancy and Vacancy Rate, Effective Rents, Cristina Sullivan, Axiometrics, Gables Residential
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