Average Rental Rates (Individually Metered)

Jim Kasten
By | 2017-10-04T14:30:13+00:00 November 12th, 2014|

For 50 – 99 unit size apartment’s, the average rental rate was $700, a 2.8% over the Q3 2013.  For the 100+ unit communities, the current average rental rate is $807, a 2.9% increase of Q3 2013.  We expect the rates to continue to increase, but for the larger complexes, the increase will likely be driven by the new construction with significantly higher rents as opposed to an overall increase that should be experienced by the smaller communities.