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Dayton is Nationwide Leader in Rent Growth; WPAFB is Key Driver
August 15, 2024
We first started investing in Dayton-area multi-family assets in 2006. Dayton is home to Wright Patterson Wright Patterson Air Force Base, the largest single site employer in the State of Ohio with nearly 18,000 employees. Many of these jobs were high-paying Science, Technology, Engineering and Math oriented jobs that are highly coveted by economic development…
Restrained Multifamily Construction Pipeline is Driving Midwest Rent Growth Above the National Average
July 21, 2024
Apartment Supply Glut Keeps the Sunbelt Running Last in the National Rent Growth Race With historically low vacancy rates and less supply-side pressure than other regions across the country, the Midwest multifamily market could maintain its standing on the national asking-rent-growth leaderboard longer than usual. The Midwest’s national rent growth leadership is being driven by…
Columbus Among Top US Markets for Apartment Rent Growth
July 15, 2024
Columbus, Ohio, ended the second quarter with one of the strongest 12-month rent growth figures of any major apartment market in the United States. Apartment rents in Columbus climbed 2.9% over the past year, according to CoStar data. That is among the top 10 markets in the U.S. with an inventory of at least 75,000 units….