Area apartment rent growth speeding up

Even a very cursory check of Nashville's apartment market will show that rents continue to climb steadily even as new units are being brought to market by the hundreds. Now research firm Axiometrics has the numbers: The annual effective rent growth in the It City was 5.5 percent in June, up from 4.7 percent in March and 4.1 percent a year ago. Occupancy inched up to 96 percent, staying ahead of the national average by about a point.