In all but two of the 79 primary apartment markets covered in Reis’s Apartment Sector Preliminary Trends Release, average effective rents either increased or remained flat in the second quarter of 2017, demonstrating a marked improvement over the previous quarter. Nationwide, the average effective rent grew by 1.1% between Q1 and Q2 2017, and by 3.0% year over year.
Read more...REIS: Effective Rent Rises 1.1% in Q2 2017 | Multifamily Executive Magazine
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