Chart of the Day: Gross monthly rents of posh apartments hit $5.41 psf per month
As their average capital values fell 1.9%.
According to Collier’s International Research, the average gross monthly rents of luxury/super-luxury apartments stood at $5.41 per sq ft per month as of 3Q 2013.
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In the same vein, Colliers International’s research showed the price growth for luxury and super-luxury apartments was arrested after four quarters of ascent since 3Q 2012.
Their average capital values fell 1.9% QoQ in 3Q 2013 to $2,803 per sq ft, a reversal from the 0.6% QoQ rise in 2Q 2013.