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NY, San Jose Have Largest New Lease-Renewal Rent Trade-Out Differences

New Leases Perform Better in Sacramento, Phoenix, Inland Empire

By Carl Whitaker | Wednesday, July 5, 2017

Trade-Out ApartmentsApartment Trade-Out

New York and San Jose had the biggest difference in effective rent trade-off between apartment renewals and new leases, RealPage apartment market surveys found.

The difference in New York was 730 basis points (bps), with 5.4% renewal trade-off and -1.9% new-lease trade-out in the first quarter of 2017. San Jose's difference was 720 bps (6.7% renewal; -0.5% new-lease).

Click here to read the full report.

Carl Whitaker

Carl Whitaker

Real Estate Analyst

Carl Whitaker is a Real Estate Analyst for Axiometrics.

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