Rents will decline further over the next year as space give-backs push vacancies higher.

But the narrative about people relocating to the suburbs may have become oversold.

DASMEN Residential has acquired the five-property, 1,011-unit portfolio, located in Orlando and Tampa.

Other high-growth cities include San Francisco, Dallas Fort-Worth, Greenville, Jacksonville, Las Vegas, Minneapolis-St. Paul, Tampa-St. Petersburg and Tucson.