Research

Also, renewals of in-place leases are frequently shown to be at 4% or more.

Costs continue to spur buyers to weigh new locations out of town.

Newcomers coming from states with higher incomes are driving up costs locally.

In five states the drop was more than 7.4%.

Miami, Tampa, and Atlanta reported the highest year-over-year gains.

"March's month-over-month rent growth of 0.7% looks more usual from a historical perspective."

Only four conduit deals were priced during the first quarter.

The worst affected market was Boise, ID, where the cost of a home fell 15.4% in the year.