Seasonally speaking, rent growth across the country tends to decline in the latter third of the year. But, according to data from Axiometrics, cities in warmer climates are more likely to buck that trend.
In the post-recession era, Miami and West Palm Beach, Fla., and Phoenix and Tucson, Ariz.—snowbird cities all—have seen rent growth either hold steady or increase over the final few months of the year.
Of these four cities, only West Palm Beach experienced a decline in rent growth from August to September of this year. The rest so far are holding true to their normal seasonal trends.
Through the first nine months of 2016, Tucson and Phoenix have outperformed their post-recession average rent growth, while Miami and West Palm Beach have underperformed.
Salt Lake City also tends to see steady rent growth toward the end of the year, though it usually experiences a drop in rent growth in November or December.