Tag: rent growth
Posted on: February 16, 2012 by total
February 7th, 2012 Multifamily Executive reports that data from sources (including rental data firms MPF Research and RealFacts) suggests rental managers may need to stop increasing rents soon. Property management companies and rental owners increased rents an average of 2.3 and 4.7 percent during 2010 and 2011, MFE notes, but the Bureau of Labor Statistics only reported 2 percent growth in wages year-over-year during the third quarter of last year. This suggests rents may significantly outpace wage growth, analysts say, threatening to price residents out of their units.