Sentences with phrase «annual effective rent»

Annual effective rent growth ended a steady year with an increase, as occupancy equaled last December's rate.

Richmond, No. 3 in November, fell to No. 4 in December, even though its annual effective rent growth increased to 6.1 %, only 28 bps behind Las Vegas.

Annual effective rent growth remained around historical levels.

Annual effective rent growth averaged 2.7 % for properties located in new - supply markets, compared to 1.6 % in markets without new supply.

As residents continue to rebuild from the devastation of Hurricane Harvey in late August, Houston's annual effective rent growth was 4.2 % in October, some 138 bps higher than October's 2.8 % and a whopping 797 - bps rise from the -3.8 % of November 2016.

In the face of moderating job growth... despite the massive amount of supply identified for delivery in 2017... even though several large metros are expected to remain in negative rent - growth territory... Axiometrics apartment market data is resulting in a forecast that shows annual effective rent growth in 2017 matching the long - term average.

The Jacksonville metro area experienced 5.3 percent annual effective rent growth in 2017, putting it in fifth place among major markets in that metric, the company reported.

Prelease is averaging 64 %, up 330 basis points (bps) from last January, and annual effective rent growth is averaging 2.6 %.

Annual effective rent growth has increased with new construction.

Despite this overall slowing trend, 21 of the top 121 MSAs experienced annual effective rent growth greater than 5 percent.

The Dallas — based research firm says annual effective rent growth has been moderating at the national level for the past two years, though many metropolitan statistical areas (MSAs) in California, Florida and Texas continue generating rent growth of more than 5 percent.

Axiometrics reported that national annual effective rent growth decreased slightly in February to 2.8 percent.

Not exact matches

Property Management — Duties & Responsibilities Coordinate regular maintenance and repairs as well as emergency resolution through the efficient management of maintenance team and general / sub-contractors, also participating in restoration and renovation projects to ensure timely completion within designated budgets Develop annual property budget and monitor with monthly variance reports, preparing financial statements and various regular and ad - hoc reports on property status, including occupancy rates and lease expirations Provide relevant oversight and administration to tenant build - outs, utility service termination and transfer, supply purchasing, and building consolidation processes Support firm management to aid in effective customer service, maintenance, and general property operations, delegating important tasks and assignments while overseeing all critical management aspects Organize, manage, and execute all aspects of the lease process, facilitating the ease of operational aspects as well as price / term negotiations, rental agreement reviews, rent collection, impounds, and tenant eviction as necessary Generate increased revenue through tenant referrals as well as consistent lease renewals through effective service and timely issue resolution Identify and develop talent among hired staff and property personnel, utilizing focused training efforts within a performance - based work environment designed to utilize the critical strengths of assistants, supervisors, and techs Provide continuous assessment of property usage and needs, while furnishing oversight and guidance regarding effective preventative maintenance programs, renovation considerations, and cost reduction / control measures Maintain a strong working knowledge of the leasing property, respective marketplace, and general economic trends Act as a liaison between clients, vendors, sales personnel, support staff, and senior management to facilitate information flow and drive operational efficiency

Average annual effective office rents are projected to increase by 6.2 % and 4.6 % respectively during the next two years, according to Reis.

Effective rents advanced at a 3.9 percent annual rate in the first half of 2017, and slowed only moderately to 3.6 percent in the third quarter.