National annual effective rent growth remained nicely above the long-term average in July 2016, though continued slides in the San Francisco Bay Area, New York and Houston affected apartment rent trends, driving the national rate down to 3.1%, according to Axiometrics, the leader in apartment and student housing market research and analysis.
The July rate was the lowest since the 2.8% of February 2014.
Read more...Rent Trends in Larger Markets Drive Down National Apartment Performance According to Axiometrics | MultifamilyBiz.com
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