While rent growth didn’t fluctuate too much from September to October in 2012, there were still winners and losers. During the month, eight metro areas had annual effective-rent growth above 7 percent. Unfortunately, there were plenty of cities in the red, too.
Here’s a list of the top five metro areas for annual effective-rent growth and the five cities at the bottom of the barrel:
Metro Statistical Area (MSA) | Annual Effective-Rent Growth, 10/12 | Occupancy Rate, 10/12 | |
San Francisco | 8.3% | 95.8% | |
Naples, Fla. | 8.0% | 95.9% | |
Louisville, Ky. | 7.9% | 95.5% | |
Corpus Christi, Texas | 7.8% | 96.1% | |
Oakland, Calif. | 7.4% | 96.8% | |
Virginia Beach, Va. | -0.7% | 92.9% | |
Las Vegas | -0.8% | 91.2% | |
Tacoma, Wash. | -1.1% | 93.7% | |
Mobile, Ala. | -1.3% | 92.1% | |
Savannah, Ga. | -1.9% | 94.4% | |