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Monday, June 29, 2015
Report: U.S. Apartment Market Rents Averaging 6.3 Percent Year-Over-Year Increase - Portland at 15.1 Percent
Santa Barbara, Calif.—The June 2015 edition ofMatrix Monthly, a report on U.S. apartment market trends from Yardi®, documents a robust 6.3 percent year-over-year increase in average rents across the country. Rents rose by 1.3 percent month-over-month in June, the largest increase since the last recession, and are now at an all-time high of $1,150.
The report states that continued rent escalation in San Francisco, Denver, Jacksonville, Fla., and Portland, Ore., accounted for much of the average rent increase in June.