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Increasing rents expected for 2016

There’s no denying that renters all over the U.S. are seeing rent increases, but it looks like increasing rents are expected for 2016 as well. Annual rent growth in September was 5.2 percent, the highest since 2011 and the eighth-straight month the rate has been five percent or higher, according to Axiometrics, an apartment research firm. Overall, U.S. property managers and Las Vegas property managers expect to raise rents – possibly by as much as eight percent next year – as demand rises and vacancies fall,