(Read more on the multifamily market.)
DALLAS-Delivering year-end numbers this week as promised, M/PFYieldStar's analysis has revealed multifamily rents climbed 4% forthe year, the first time in nearly seven years that it surpassedthe general consumer price inflation. Meanwhile, occupancy has hitits highest point since 2000, ringing up 94.1% across the metroplexas the curtain fell on '07.
"It's a nice solid performance," Greg Willett, vice president ofthe Carrollton-based research firm, tells GlobeSt.com. "I amsurprised to see it that positive. It has surpassed myexpectations." In November, the research firm had told conferencegoers that the year would end on a positive note. The reality is itended on a high note, he says.
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