Sunday, March 4, 2012

MONTHLY RENTS RISE IN CAPITAL REGION.(Business)

The average monthly rent sought this spring by the Capital Region's larger apartment complexes was $914, a 3.2 percent increase from a year earlier, a new survey said Thursday.

The report from Sunrise Management and Consulting found Albany County had the highest asked-for monthly rent among the region's four core counties, at $940, or 99 cents per square foot. That's up from $911 a year earlier.

The asked-for rent in Schenectady County was also 99 cents per square foot, although that translated into a relatively low monthly rate -- $841 -- because apartments there are smaller.

Sunrise, a property management company in Latham, conducts the study …

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