Hecht Property Management, LLC

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AppFolio and Axiometrics Trends Report


  1. Demand for apartments has grown—not just because of job gains, but also because more people are choosing to rent instead of own. From millennials choosing to delay marriage and families, to empty-nest baby boomers seeking a maintenance-free, urban-center lifestyle, “renting by choice” is a hot phrase in the real-estate industry.
  2. Nationally rents are up 4.1% in the last year.  The seven year average is 2.6%
  3. Axiometrics is predicting a 3.2% increase in rents over the next 12 months.
  4. Approximately 350,000 new apartments will enter the market in 2016. 

At Hecht Property Management we have seen the Charlotte metro area follow a similar trend with rents increasing across all sectors and locations of our inventory.



 

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