The average asked rent for apartments in the Capital Region in fall 2012 was $1,248 ($0.93 per square foot) -- up more than 6.5 percent compared to same period a year before, according to the Albany-based Sunrise Management & Consulting. The average rent was up more than 10 percent compared to two years ago.
Here's the methodology. It's important to note these are asked rents, and don't take into account discounts. Also, the firm notes that the survey includes mostly large complexes (50 or more units).
[via Biz Review]
data source: Sunrise Management & Consulting Fall 2012 Multifamily Rental Market Report
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