CARROLLTON, TX-Despite the less-than-impressive economic recovery, US apartment fundamentals improved significantly during the third quarter, according to MPF Research’s most recent data. Occupancy rates and effective rents in US apartments continued to climb sharply during the third quarter, according to preliminary results from the firm’s third quarter survey.
National apartment occupancy now is up to 93.9%, an increase of .5% from the second quarter and 2.1% since bottoming at the end of 2009. Meanwhile, effective rents have increased by 1.2% from mid-2010 and 2.6% year-to-date.
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