2014 Apt. Market Was Strong, Says Axiometrics

DALLAS–Apartment research and data firm Axiometrics says the state of the U.S. apartment market through 2014 was strong, with the largest fourth-quarter annual effective rent growth in nine years, according to a report from the Dallas-based business.

“The apartment market in 2014 exceeded just about everyone’s expectations,” Axiometrics vice president of research Stephanie McCleskey told GlobeSt.com. “A large number of new apartments were delivered this past year, but at a macro level, this new supply hasn’t had much of an impact on rents or occupancy. In fact, occupancy rates have remained high, giving landlords the incentive to continue pushing rents.”