Properties delivered over the last two years as well as those delivering this fall saw an average
effective rent level of $ 720, which is more than $ 100 higher than the national average of $ 610.
Specifically, this statistic might be a point - in - time change in
effective rent level from January 2013 - January 2014.
Nationally,
effective rent levels averaged $ 641 per bed for Fall 2017, up 1.9 % from Fall 2016.
Not exact matches
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.
With little improvement in
rent growth, asking
rents remain tethered to 2007
levels while
effective rents remain tethered to 2005
levels.
For example, the year - over-year
effective rent growths at the metro
level range from a high of 7.3 percent in San Francisco to a low of -0.3 percent in Fort Lauderdale, Fla..
The U.S.
effective rent is still about 7.7 percent below the peak
level in the second quarter of 2008, right before the collapse of Lehman Brothers sparked a financial meltdown.
Annual
effective rent growth remained around historical
levels.
However,
effective rents for neighborhood and community shopping centers are still stuck at 2005
levels.
The average
rent landlords actually received last year for downtown Class A office space fell to its lowest
level since 1996, according to a study of
effective rents, which factors in the value of concessions, such as free
rent.
Although
rents have been growing since the fourth quarter of 2011,
effective rents remain roughly 2.5 percent below peak
levels from before the downturn six years ago.