August Rents Rose at the Fastest Pace in 18 Months, as Apartment Construction Slows

Key takeaways: The national average rent reached an all-time high of $1,412 in August 2018, up by 3.1 percent ($42) year over year, and by 0.1 percent ($2) month over month, according to Yardi Matrix data. Rents increased in 89 percent of the nation’s biggest 252 cities in August (including newly added Queens, NY and […]

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from theokbrowne digest https://www.rentcafe.com/blog/rental-market/apartment-rent-report/august-rents-rose-3-1-fastest-pace-18-month-apartment-construction-slows/