A good question came in yesterday evening regarding yesterday’s post about the best multifamily rental rate gain markets; the question asked what asset class (or classes) did the data cover?  When we query brokers and PMs about the data, we asked them to summarize their impression and data regarding rental rates gains across the board, including all classes of multifamily operations (A, B, C, etc.)

What about the worst markets in terms of rental rate gains?  Typically that specifies markets that have lost ground in terms of rental rates, something you’d almost intuitively not expect today given the broadly increased demand for rental housing in the country. 

Here are the worst five markets in our database as of today ranked in terms of multifamily rental rate gains over the past year –

1)  Huntsville, AL  -5%
2)  Charlotte, NC  -5%
3)  Phoenix, AZ   -3%
4)  Ann Arbor, MI  -1.5%
5)  Boston, MA   -1.5% 

Database Average:  2.5%
Database Median:  2.5%

Tomorrow we’ll look at the markets around the country with the highest Class B multifamily price per door values. 

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