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DALLAS—More evidence that multifamily is proceeding fromstrength to strength. A month ago, Axiometricsreleased data showing that apartment rent growth hit a post-recessionpeak; this time, it's occupancy that is posting the strongestnational performance since the Dallas-based firm began keepingtrack on a monthly basis.
As of May, national apartment occupancy had reached 95%,Axiometrics said Thursday. Stephanie McCleskey,the firm's director of research, says Axiometrics began trackingapartment data on a monthly basis in April 2008, “and this is thefirst time since then that occupancy has been 95%.” It has risensteadily for the past four months, she adds.
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Paul Bubny
Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
