While
average effective rent growth will hit a recent low of 2.3 % this year, it is expected to rise to 3.2 % in 2018 and 4.1 % in 2019 before moderating back to 3.2 % in 2020 and 2.6 % in 2021.
Not exact matches
The
average effective rent also shows positive
growth over the past year, rising 1.6 % from $ 964 per unit in 2009 to $ 980 in the third quarter of 2010, according to Reis.
Average effective rents, meanwhile, are expected to go up 4.9 percent for the year, compared to
growth of 4.1 percent in 2015.
To get a better picture of the extent of
rent growth concentration amongst the top office metros, consider that
average effective rents increased 3.0 percent in 2014.
While this represents a slight slowdown from the prior quarter's
growth rate of 0.8 percent for both asking and
effective rents, it is well above the quarterly
average of about 0.4 percent since
rents began rising consistently in the fourth quarter of 2010.
Prelease is
averaging 64 %, up 330 basis points (bps) from last January, and annual
effective rent growth is
averaging 2.6 %.
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.
Annual
effective rent growth averaged 2.7 % for properties located in new - supply markets, compared to 1.6 % in markets without new supply.