PSU Releases Quarterly Commercial Real Estate Report

The PSU Center for Real Estate has released its quarterly real estate report. The report contains the news that high demand for rentals is expected to persist over the next several years.  Axiometrics, a leading provider of apartment data and market research, reports effective rent growth remained steady in February at a rate of 3.53 percent.  "...effective rent growth for Class A properties has really slowed down," said Ron Johnsey, president of Axiometrics. "Class B rates have remained relatively steady, but Class C rates have continued to increase," he said.  Click here to download the PDF of the apartment market analysis. For the complete analysis on industrial, retail and office properties, read the full report.