Thursday, May 5, 2011

Apartment Rents Rise Sharply as a National Job Market Improves

REIS reports that rents started edging up nationwide last year after several years of no growth and some declines.  REIS predicts apartment rents will jump 4.3% this year, marking the biggest annual increase in four years. REIS reported that markets seeing first-quarter year-over-year rent increases in excess of 3% included suburban Virginia and Maryland; San Francisco; Rochester, N.Y.; Portland, Ore.; and Denver.  Read More >>