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% |
|
