Metro-Level Rent Performance Compresses Further in 2Q

by Analytics Contributor
  in   Insights

As the current cycle wears on, the range of rent performances among the 50 largest U.S. markets continues to narrow. As of mid-2018, the disparity between the best performance – Orlando’s 6.5% – and the worst – Chicago’s 0.3% – was just 620 basis points. That’s the tightest spread since the cycle began in 2010, and it comes as U.S. rent growth continues to moderate. U.S. rent growth peaked around 5% in 2015, when the range of metro-level performances landed around 1,300 basis points.