Greater Tacoma remains No. 5 in the country for highest effective apartments rent growth in January, according to a report today from Axiometrics, a national provider of market intelligence to the multi-tenant and student housing.
Compared to the first month of 2016, last month’s growth in the local marketplace was 9.0 percent – one year ago, the annual increase in rents was 8.6 percent.
Tacoma shows an apartment occupancy rate of 96.1 percent, better than all but four other Top 120 markets nationwide.
Among the 50 largest metro markets, Seattle is marked at No. 6 with an annual ERG rate of 4.9 percent and 95.1 percent occupancy rate.
The national average increase for rents year-over-year was 2.1 percent to January 2017.
You can read more of the Axiometrics report at this link.