Apartment effective rent growth was the strongest of any October since the Great Recession, even though the October 2015 rate moderated to 4.9 percent from the 5.2 percent recorded in September, according to Axiometrics apartment data.
The national October rate is the lowest monthly rate recorded in 2015; when extended to two decimals, Septembers 4.88 percent is 1 basis point (bps) below Januarys 4.89 percent.
That doesnt mean the apartment markets Herculean 2015 strength is fading: The average rent growth from January to October 2015 was 5.1 percent