Posted by Jonathan J. Miller -Thursday, October 7, 2010, 8:53 AM
Here’s an excerpt from the report:
Rental price per square foot slipped 1.3% to $47.22 from $47.84 in the prior year quarter and declined 4.8% from $49.60 in the prior quarter. Median rental price was $3,000 in the third quarter, 1.7% higher than $2,950 in the prior year quarter and unchanged from the prior quarter. Median rental price growth over the prior year quarter occurred in the studio and 1-bedroom markets with a 9.8% and 1.9% increase respectively. The larger 2-bedroom, 3-bedroom and 4-bedroom markets posted progressively higher declines over the same period.
Other reports we prepare can be found here.