DALLAS, TX--(Marketwired - February 21, 2014) -
Axiometrics Inc., the leading provider of apartment data and research, reported today that annual effective rent growth in January was 2.8%. Occupancy remained in line with the long-term national average at 94.1%. Axiometrics reports that, while the overall growth trend remains positive, many metro areas across the U.S. are beginning to show moderating annual effective rent growth as compared to very strong growth two years ago. The trend is especially noted in the urban core of many markets where, after strong rent growth in 2012, new apartment construction accelerated.