Wednesday, July 13, 2011

Low vacancies, rising rents for apartments

Sanibel Real Estate and Captiva Island Real Estate Information and properties by John R. Wood Island Real Estate inc. 1019 Periwinkle Way Sanibel, FL. 33957
Article:
WASHINGTON – July 11, 2011 – Reis Inc. reports that the average effective rent – the amount paid after discounting – was $997 in the second quarter of the year – an increase from $974 a year ago. Second-quarter rents, meanwhile, climbed in 80 out of 82 markets surveyed.

According to Reis, monthly rent levels rose fastest in San Jose, Calif., to $1,501.

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