In the long run, it is assumed that average rent will grow at about 3.1%.

It is poised to rise significantly from May's 0.6% decline.

There was a 5.1% annualized rate of decline from the first to the second quarter.

And they exceed 12% than the costs experienced by single-family home renters.

Also, Durham, Palm Beach and Savannah have joined the list of the largest 51 industrial markets.

A number of tenants tied to the housing market closed distribution centers this year.

The top scorer in the country was Minneapolis-St. Paul-Bloomington.

"Tighter budgets may lead some borrowers to seek out roommates and split rent."