NAA Industry Insider: Apartment Rents Climb Faster as Demand Tops Supply

The latest Reis Inc. quarterly report shows that apartment rents in the United States grew at a quicker pace in this year's April-through-June period as resident demand climbed faster than the growing supply of multifamily housing. Rents after any discounts such as a free month rose 3.4 percent to an average $1,099 a month from $1,064 year over year. Effective rents had gained 3.2 percent in the first three months of this year, Reis researchers note.

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