Apartment rental rates continue to rise in the Triangle with no end in sight as population growth and a booming economy make way for soaring demand and occupancy rates over 90 percent. 

Rental rates in the Triangle saw a 6.5 percent growth rate over the past 12 months, according to the latest report by ApartmentData.com, bringing average rates to $1,165 per month and $1.20 per square foot. 

Occupancy rates have reached 92.4 percent, with around 4,100 units absorbed over the past 12 months. Just 3,100 new units opened in the same period of time. 

Full article HERE
Source: Triangle Business Journal