A funny thing happened on the way to renewing apartment leases in 2010: in most markets, rents went up, and not by just a little. The trend is taking shape just as owners are experiencing somewhat surprising pricing power, in the midst of a tepid recovery where broader prices, including those for consumer goods, have [...]
Tag Archives: pushing rents
What Double Dip? Colonial Pushes Richmond Rents 14 Percent.
Worried about raising your rents in the face of that “double-dip” recession that’s lurking around the corner? Don’t tell that to the executive team at Colonial Properties Trust. In a 2Q 2010 conference call that provided plenty of nuggets for apartment pricing professionals to chew on, the company reported that it pushed collective rents by [...]
