Rents continued to rise nationwide in the first quarter of this year — but at the slowest pace in the last 12 months. 
Landlords are finding it difficult to raise rents by more than 5% to 10% a year, according to a newly released report. With median wages not rising appreciably, it will be more of a challenge for landlords to raise rents moving forward. Asking rents and effective rents bumped up 0.5 percent and 0.6 percent, respectively, in the first quarter. Reis projects that effective-rent growth will be slightly stronger this year compared to last year. This amount of new supply presents competition that may further dampen the ability of landlords of existing buildings to raise rents, read more.
Landlords are finding it difficult to raise rents by more than 5% to 10% a year, according to a newly released report. With median wages not rising appreciably, it will be more of a challenge for landlords to raise rents moving forward. Asking rents and effective rents bumped up 0.5 percent and 0.6 percent, respectively, in the first quarter. Reis projects that effective-rent growth will be slightly stronger this year compared to last year. This amount of new supply presents competition that may further dampen the ability of landlords of existing buildings to raise rents, read more.
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