Average effective rent growth for new leases has shown strong improvement over the last year. After peaking out a modest 0.9% gain in the previous twelve-month period, the national average effective rent has grown by 3.5% over the last twelve months. Below the national average, some important distinctions have emerged. All numbers will refer to…
A more detailed analysis of multifamily performance in the first quarter will be the subject of the forthcoming ALN newsletter for April. In broad strokes, new supply continued its surge, apartment demand cooled, and rent growth picked up. One area below the national level in which some clear differences emerged was price class performance. All…
National effective rent growth was negative in January, but there may be reason for optimism as spring approaches.
With full December data not quite available, here is a look at the most expensive markets and least expensive markets to end November.
The San Francisco – Oakland market has been a top-performer this year among multifamily markets thanks in part to a slowdown in deliveries.
After trending downward since early summer, monthly national average effective rent growth turned negative in September.
As with other markets in the region, Minneapolis – St. Paul has enjoyed relatively solid demand and less new supply pressure so far this year.
Raleigh-Durham has been a prime example of a high in-migration market in recent years and has the new construction pipeline to match.
Tepid demand and an active construction pipeline have coincided and created downward pressure on both occupancy and rent.
