Expert Rent Growth Predictions: Steady For The Next Few Years

Axiometrics predicts that average apartment rents will settle into a steady pace of growth over the next few years, similar to rental markets in the mid-1990s, as occupancy rates stay very high.

Annual effective rent growth slowed from 3.83 percent in June to 3.73 percent in July, according to Axiometrics. That’s the lowest year-over-year growth since August 2010. Rent growth peaked last July at annual rate of 5.32 percent, but it has been close to an annual rate of 4.0 percent the past nine months due primarily to the under-performance in August, September and November last year.

However you slice it, rents are rising faster than inflation overall. The Consumer Price Index has grown at a rate of less than 2 percent a year this summer and grown less than 3 percent a year since the financial crisis. Read the Full Story at National Real Estate Investor online.

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