Rent Growth
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…
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….
Midwest Could Maintain Multifamily Rent Growth Leadership Into 2025
June 20, 2024
Louisville, Kentucky, has led the Midwest as the surprising market leader in multifamily rent growth over other parts of the country. Louisville apartments posted an average annual rate increase of 5.1% with a vacancy rate of 7.0%. The Midwest has emerged as a surprising leader in apartment rent growth, a trend that began at the…