Rent growth is a useful metric for investor appetite and can trigger decisions on where to buy and sell. San Francisco tops the list with rent growth at 7.8% in the first half of 2013. The Las Vegas market fell to the bottom of the pack in step in the right direction for the struggling city.
Top 5 Bottom 5
San Francisco 7.8% Las Vegas 0.2%
Oakland 6.9% New York 0.3%
Denver- Boulder 6.1% Hartford 0.7%
Seattle- Tacoma 6.0% Washington, D.C. 0.8%
San Jose 5% Memphis 0.9%
Source: Multifamily Executive, October 2013