In an update to our earlier update on top markets, Axiometrics has put out a report on the top 5 apartment building investment markets for rent growth by asset class.
San Francisco is rocking in class A and B, and in class C it’s….. San Francisco! Interestingly A and C properties there are showing rent growth of almost twenty percent while class B is just under ten percent. Any thoughts on why A and C are double the class B rent growth in SF? Note that 9.3% in class B still leads the US-
Denver is the only other apartment market to make it onto all three lists, with Boston (in class A & C), Nashville (A & B) and Raleigh NC (B & C) making two lists. Other cities making solo appearances are Houston (A), Miami (B) and NYC (C).