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..
Not exact matches
The median net
effective rent in Manhattan — which factors in concessions — slipped year -
over-year by 0.1 % to $ 3,369, while the number of new leases signed dropped by 5 % to about 3,200.
Despite the stops and starts in the office sector recovery, national
effective rents grew by an average of 3.5 percent year -
over-year as of third quarter, according to Reis.
According to Reis Chief Economist Victor Calanog, demand for warehouse / distribution increased in 2016, with vacancy for this sector down 30 basis points year -
over-year and asking and
effective rents growing 2.1 percent and 2.2 percent respectively.
Effective rents grew 9.9 % nationally year -
over-year in the third quarter.
Reis found that asking and
effective rents rose just 0.6 percent in the fourth quarter and 1.8 percent year -
over-year, which is the weakest
rent growth since the recovery started in 2011.
The same markets are on top of the rankings for year -
over-year changes for both asking and
effective rent growth.