"In the second quarter, rent nationwide was up by 2.5% when compared to the first quarter of 2010, which is the continuation of an improvement trend that started in January. Rent in Q4, 2009 was down by approximately 3% from the prior quarter, and during Q1 2010, rent was flat. So an increase of 2.5% in Q2, 2010 is significant."
Tuesday, July 6, 2010
Nationwide Rents Continue to Improve in Q2
We've updated our quarterly analysis of US rent trends. See it here. During the second quarter of 2010, the average rent for an apartment in the United States increased by $27 to $1,087, an increase of 2.5%.
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