The latest news of interest to multifamily owners of apartment buildings in Oregon and Washington.
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Monday, August 30, 2010
Concessions Burning Off As National Leasing Rates Increase
A market report from New York-based REIS indicates a net absorption of 44,199 units during the second quarter -- the highest in 10 years. And rental rates are increasing along with occupancy, with asking rents increasing 400 basis points and effective rents jumping 700 basis points. Read More in Multifamily Executive.