MPF Research Portland #2, Seattle #6 in Apartment Renewal Rent Growth

Not only is Portland the #2 leader for effective rent growth, but the Rose City holds the same position with respect to Renewal Rent Growth, pegged at 8.2 percent, as Seattle ranks #6 with 7.4 percent rent growth on renewals.

As we’ve learned, the apartment industry traditionally measures rent growth only by sticker prices for new leases, yet renewals typically comprise half the rent roll, and are equally critical to performance.