DALLAS-According to statistics from local apartment researcher Axiometrics Inc., multifamily properties in June continued generating the strongest annual effective rent growth as well as the best occupancy growth.
Annual effective rent growth for class C properties increased to 4.2% during June 2013 compared to 3.5% in June 2012. Class A properties had the lowest annual effective rent growth rate at 3.2%. Though class C product is outperforming both class A and B, all three asset classes are showing improved results as compared to the last two months.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
