Lease-Ups: How Fast is Fast?

What was the fastest lease-up in apartment history? Unfortunately, there’s no such listing in the “Guinness Book of World Records.” But if there was, several property management companies in high-demand markets would be bidding to get their names in the legendary book of performance.

Lease-up rates nationwide have been making headlines this year as steady demand and new product are driving traffic as the industry comes out of a two- or three-year development slowdown. Building pace picked up during the first half of this year and is expected to accelerate still more in the next two quarters, and into 2014.

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