As Winter Approaches, Rent Growth Continues to Cool
National average effective rent growth slowed in November for the third straight month and failed to top 1% for the first time since March.
National average effective rent growth slowed in November for the third straight month and failed to top 1% for the first time since March.
For a second straight month, national rent growth slowed. Even so, October marked seven consecutive months with a monthly gain above 1%.
Rent growth has been robust this year around the country, but Florida markets are especially well-represented near the top of the list.
Lease concessions were a big part of the 2020 story, but the tide has begun to shift.
Evaluating average effective rent change for stabilized properties in May and June from the perspective of market size and region.