With occupancy rates in good shape across the board, and with rent growth at unusually high levels, new apartment construction in Nashville is ramping up quickly.

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Detroit has found itself in an unfamiliar place – ranking in the nation’s top quartile for rent growth. That’s come as a result of improved occupancy rates, which stem from surprisingly strong job growth.

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U.S. Apartment Market Revenue Growth Remains Solid in First Quarter of 2012

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Orlando has seen a big jump in tourism, and that’s contributed to improved apartment market fundamentals – especially at the bottom end of the market.

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U.S. Apartment Market Revenue Growth Remains Solid in First Quarter of 2012

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Los Angeles had the best 1st quarter performance among the Southern California markets, and that brought occupancy to the fully recovered point. But rents still have some climbing to do to get back to pre-recession highs.

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U.S. Apartment Market Revenue Growth Remains Solid in First Quarter of 2012

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For the first time in two decades, all of Ohio’s big six apartment markets have occupancy rates at or above the U.S. average.

(Featured apartment markets in this episode: Akron, Cincinnati, Cleveland, Columbus, Dayton, and Toledo)

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U.S. Apartment Market Revenue Growth Remains Solid in First Quarter of 2012

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Austin still ranks among the nation’s leaders with year-over-year rent growth of 6.5%, but apartment fundamentals have eased back a bit in the past couple quarters.

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U.S. Apartment Market Revenue Growth Remains Solid in First Quarter of 2012

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Vacancies are few in Beantown, and rent growth is plentiful. After not recording year-over-year rent growth above 3% at any point from 2002 to 2010, Boston is now showing a hike of 8.1% — third-highest in the country.

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U.S. Apartment Market Revenue Growth Remains Solid in First Quarter of 2012

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The drop-off in apartment construction in the downtown Chicago submarkets helped drive up rent growth levels in the metro to a two-decade high. But now, construction is ramping up quickly again.

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U.S. Apartment Market Revenue Growth Remains Solid in First Quarter of 2012

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Apartment fundamentals are strong essentially across the board in Denver, which ranked among the nation’s best with year-over-year rent growth of 6.5%.

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U.S. Apartment Market Revenue Growth Remains Solid in First Quarter of 2012

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Do quarterly net move-outs signal trouble in Dallas/Fort Worth? Not really. The year-over-year revenue numbers still look very good, and strong job growth should continue to boost demand for apartments – even with the single-family market recovering.

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U.S. Apartment Market Revenue Growth Remains Solid in First Quarter of 2012

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