From a small northwestern observatory…

Our friends at REIS just sent out their May ReisReports titled, “The Multifamily Gravy Train Keeps Rolling”. They report that 77 out of 82 major apartment markets that they track showed occupancy increases, up from 63 in the same quarter last year. Effective rents increased in 79 of these markets.

This contrasts with office performance — occupancies either improved or were flat in 42 of 82 markets, and effective rents only increased in 37, which is a slight improvement over 2010.

Click “here” for your own version of their reports, which we find very helpful here at Greenfield.