Apartment annual effective rent growth was the strongest of any October since the Great Recession, even though the October 2015 rate moderated to 4.9% from the 5.2% recorded in September, according to Axiometrics, the leader in apartment and student housing market research and analysis.
The national October rate is the lowest monthly rate recorded in 2015; when extended to two decimals, October's annual effective rent growth of 4.88% was 1 basis point (bps) below January's 4.89%.
Read more...Red Hot Apartment Market Sees Higher Rent Growth and Average Occupancy Rates Above 95% | MultifamilyBiz.com
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