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RealPage: Stable Rent Growth, Tight Occupancy in Q3 2017

MULTIFAMILY EXECUTIVE (October 5, 2017) – Effective rents for new leases rose by 0.9% in the nation’s 100 largest metros between the second and third quarters of 2017, and the typical monthly rent is now $1,316, according to RealPage and Axiometrics’ Q3 report. On an annual basis, effective rents have grown by 2.6%, a rate consistent with other effective-rent annual rates recorded this year, which range from 2.5% to 3%.

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