Axiometrics predicts average U.S. rents will increase 3.1%, about the same as this year. Reis says it will be closer to 3.3%.
A USA Today report quotes Axiometrics' VP of Research Jay Denton, saying:
- Rents have soared 43% in San Francisco since 2009, including an 8% jump this year. San Francisco is forecast to have a 5.1% jump given strong demand and limited new supply.
- Seattle, which posted a 6.5% increase in 2013 will see increases of 4.4% next year.
Institutionals Developing Exit Strategies?
- Austin, which rose 5.2% this year, will see an increase of 3.7%
Meanwhile, Multifamily Executive reported that Victor Calanog, Reis' vice president of research & economics. Recently noted that some large investors are now considering exit strategies, such as the Carlyle Group, which signaled its intent to sell part of its $2.3 billion apartment portfolio in a recent conference call amid fears of growing supply.