A national analysis of apartment rentals shows Tacoma among the markets showing the highest Annual Effective Rent Growth, surpassing even Seattle for the 12-month period ending June 30th.
Axiometrics’ Top 50 Markets report pegged Tacoma’s growth at 9.0 percent in the past year, after a 7.6 percent rise for the year ended June 30, 2015. Seattle had a 7.9 percent rise in the most recent 12-months after 7.7 percent the prior year.
Colorado Springs, Reno, Salinas, Calif. and Sacramento all reported Rent growth exceeding 10 percent since June 2015.
The Axiometrics study also found Tacoma’s occupancy rate at 97.3 percent this year, an improvement over 96.4 percent in 2015.
More detail is available at this link.