Wednesday, April 2, 2014

MPF Research Pegs Portland's Annual Q1 2014 Rent Growth #4 Nationally at 7.9%

Newly released data shows the U.S. apartment sector continues to post strong fundamentals even as new supply levels ramp up – with occupancy registering around 95% and annual rent growth around 3% for the seventh consecutive quarter. If there are any surprises, it’s that rent growth levels haven’t slipped – and in fact, they’ve jumped in some key spots with significant levels of apartment development.

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Annual Rent Growth Leaders for Year Ending Q1 2014
RankMetroAnnual
Rent
Growth
1Oakland9.1%
2San Jose8.7%
3San Francisco8.1%
4Portland7.9%
5Denver-Boulder7.6%
6Seattle-Tacoma6.2%
7Miami5.7%
8 (Tie)Houston4.7%
8 (Tie)San Diego4.7%
10Austin4.5%
12 (Tie)Atlanta4.3%
12 (Tie)Nashville4.3%