Industry Analysis Indicates Strong National Multifamily Market

The national apartment market recorded an average monthly occupancy rate of 95.3% in May, along with annual effective rent growth of 5.0% — the fourth straight month the metric was at or above 5.0%, according to a report from Axiometrics.

The national effective rent growth rate has remained steady over the past six months within a 0.2% range.

The May occupancy rate was a 0.28% increase from May 2014 and the highest since Axiometrics started monthly reporting in 2008, topping the previous peak of 95.2% in August 2014.

The report also shows the Dallas-Fort Worth region is the strongest in Texas by a large margin and among the strongest apartment markets nationally.