Tuesday, May 19, 2015

Apartment Rent Growth Levels Hit New Highs

The U.S. apartment industry continues to exceed performance expectations, with real rent growth levels in April 2015 surpassing the cycle’s previous peak set back in 2011.

New highs in rent growth were seen for both new resident leases and for renewal leases. April 2015, total lease-over-lease rent growth nationally measured 6.1% — well above the 2011 peak of 5.3%.

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