HOWEVER, it is important to note that while rents are indeed increasing, the exact rate ranges between 5-12% depending on the particular report that you're looking at. The fall 2014 Apartment Report surveyed 54,282 units and the fall 2014 report surveyed 55,567 units. There was a significant shift in survey participation and the most recent survey includes thousands of brand new units with higher rents. HFO believes these rental rates are being skewed by new construction.
Click here to download the MultifamilyNW Fall 2014 Apartment Report.