Axiometrics: October's 2.1 percent apartment rent growth flat from September as occupancy dipped to 94.7 percent

October's 2.1% annual effective rent growth was essentially the same as September's rate, but was 44 bps lower than the 2.6% of October 2016. The national occupancy rate declined by 16 bps to 94.7% in October, the lowest it has been since March, but that's nothing new in the post-recession period. Occupancy has declined from 13-24 bps from September to October in each of the past eight years.

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