Apartment rents, on average, fell by $4 in December to $1,210, according to data compiled from 123 markets recently released in a report by Yardi® Matrix.
“As we have stressed in recent months, fundamentals remain sound and deceleration is not alarming,” according to the report.
The leading areas for growth in December were Sacramento, Calif., California’s Inland Empire, Portland, Ore., Seattle, Wash., and Las Vegas, Nevada.
View the full report here.
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