Tuesday, May 1, 2012

Axiometrics' Research Indicates Strongest Monthly Sequential Rent and Occupancy Growth in Last Four Years

Axiometrics Inc., a provider of data and advisory services on the apartment market, reports that national effective rents increased by 0.89% from February to March, which is the highest sequential growth rate since the firm began surveying its property database monthly in April 2008. Year-to-date, effective rents have increased 1.81%, as compared to 1.84% over the same period in 2011. The national occupancy rate also increased on a sequential basis for the second consecutive month, rising from 93.61% in February to 93.94% in March. This was the largest month-to-month gain in occupancy since August 2010.  Click here to read the full story.