Wednesday, September 14, 2011
EQR Rent and Occupancy Levels
One more chart from EQR showing rent and occupancy levels. High occupancy levels give EQR pricing power. From the chart, rents have risen about 16% over the last 20 months (funny how this hasn't shown up in CPI). Turnover in units has gone from 60% per year during the housing boom to 40% per year as fewer people decide to move.
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