California and Texas have experienced the highest rent growths in the past year.
There were three metro markets in California and three in Texas that ranked in the Top Ten for rent growth this year. This research is according to Texas based MPF Research.
San Francisco is at the top of the list with 7.8% and had the highest rent growth from last year at 8%.
Seattle- Tacoma is in 4th place with a 6% growth rate coming in ahead of Portland with their 4.4% increase. And no surprise that Las Vegas is in the bottom 10 with a 0.2% growth in rent. With the nation’s highest unemployment rate and the negative rent growth last year this is a good sign for that city.
Read more here: http://www.multifamilyexecutive.com/rents/the-best-and-worst-rent-growth-markets-this-year.aspx?utm_source=newsletter&utm_content=jump&utm_medium=email&utm_campaign=MFEBU_082913&day=2013-08-29