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Surprisingly Stubborn OER and Rents Inflation

US DATA
Both OER and tenants' rents come in above the range of analyst estimates seen by MNI beforehand:
  • OER at 0.70, accelerating after January’s 0.67% M/M vs an analyst average of 0.63% (range 0.59-0.67).
  • Tenants’ rents at 0.76% M/M, accelerating after 0.74% M/M vs analyst average 0.67% (range 0.62-0.70).

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Both OER and tenants' rents come in above the range of analyst estimates seen by MNI beforehand:
  • OER at 0.70, accelerating after January’s 0.67% M/M vs an analyst average of 0.63% (range 0.59-0.67).
  • Tenants’ rents at 0.76% M/M, accelerating after 0.74% M/M vs analyst average 0.67% (range 0.62-0.70).