The 5 Best and 5 Worst Cities for Rents in October

By Derek Mearns – Multi-Family Executive Magazine

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%

 

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