Hendricks – Berkadia recently provided a market update for Quarter 3 2013 and is showing the following numbers.
- Inventory is up by 1,540 units in last 3 months.
- Year to date deliveries total 4,250 units, outpacing 2012’s 2,760 units.
- Net absorption totaled 1,690 units in quarter 3.
- Average asking rent increase by .9% to $1,026.
