Pittsburgh once again has the nation’s best occupancy rate among the nation’s core 100 markets in 2012’s 2nd quarter.
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With occupancy hovering around 98 percent since the middle of 2010, Pittsburgh has been the metro to beat on the list of the nation’s tightest apartment markets for quite a while now.
Pittsburgh is once again on the list of occupancy leaders in 2011′s first quarter, and now there’s some solid rent growth occurring, too.
As we gear up for the Super Bowl, there’s good news for Pittsburgh Steeler fans: Pittsburgh led the nation for apartment occupancy as of year-end 2010.
Pittsburgh routinely has ranked among the nation’s apartment occupancy leaders over the past few years. Furthermore, during each of the past two quarters, the ‘Burgh has taken the top spot for occupancy among the 64 metros that form the core of MPF Research’s U.S. apartment market coverage.
Seven metros posted readings at or above 96 percent thanks to the widespread recovery of the U.S. apartment sector in the first half of 2010.
The recovery of the nation’s apartment market continued at full steam in the 3rd quarter of 2010, according to preliminary data from MPF Research.
From one quarter to another over the past couple of years, Pittsburgh consistently has ranked among the country’s apartment occupancy leaders. The pattern continued as of mid-2010. Indeed, the metro actually posted the nation’s top occupancy reading, as its 97.6 percent rate slightly topped the 97.2 percent figure seen in both San Jose and El Paso.