RENT GROWTH REMAINS HIGH
Charlotte's multifamily market recently ranked 11th nationally for rent growth at 7.6%, according to the latest figures from Dallas-based market tracker Axiomatic. ?We've been tracking rents in Charlotte since 1995 and have never seen rent growth like this,? Axiomatics?Ross Coulter tells us. The previous peak for year-over-year growth was 5.6% in Q4 ?06. The current occupancy rate of 94% is the highest since 2007. And the 2012 outlook also is strong, Ross says, since the relatively few projects planned will likely keep availability low and rents high.