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March 9, 2017 Comments Off on Nassau and Suffolk Counties Report 4%-Plus Rent Growth Views: 278 New York News, Top New York Stories

Nassau and Suffolk Counties Report 4%-Plus Rent Growth

Rents are growing again for apartments on average across the U.S. — thanks to significant rent hikes in a handful of markets.

Here in the New York metro area, rents are sagging in overbuilt, core markets. But rents are growing more quickly in suburban areas. In Nassau County and Suffolk County, rents grew 4.3% over the 12 months that ended in February 2017, making it one the top 10 markets for rent growth in the nation, according to Axiometrics.

Other top markets for rent growth include other suburban areas and secondary markets like Sacramento, CA; Riverside, CA and Las Vegas, NV.

Read More from Axiometrics

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