While the apartment market was excellent across the board in 2014, to get the very best increase landlords needed to follow the advice of 19th century New-York Tribune Editor Horace Greeley and “Go to the West.”
The markets with the three biggest jumps were all on the West Coast, as were seven of the top 10 (and Denver was also on the list), according to the RealPage MPF Research Division. Here’s the Top 10:
Annual Rent Growth Leaders Calendar 2014 |
||
Rank |
Metro |
Annual Rent Growth |
1 |
Oakland |
11.5% |
2 |
San Jose |
10.5% |
3 |
San Francisco |
9.8% |
4 |
Denver-Boulder |
9.7% |
5 |
Atlanta |
6.8% |
6 (tie) |
Portland |
6.7% |
6 (tie) |
San Diego |
6.7% |
8 |
West Palm Beach |
6.5% |
9 |
Los Angeles |
6.3% |
10 |
Seattle-Tacoma |
6.1% |
