The Oakland, California, area led annual growth in effective rents, at 14.3 percent, Axiometrics said. It was followed by the Portland, Oregon, vicinity at 11.8 percent, and the Denver metropolitan area at 11.4 percent.
Axiometrics expects that 277,224 new units will come to the U.S. market by the end of 2015, an increase of 27 percent from last year.