The aggregate retail revenue growth rate for the nation is 1.7 percent this quarter, 30 basis points higher than it was last quarter, according to REIS. Dayton, the top market on the chart, was among the top five in the first quarter as well. The growth rate for Dayton is 4.3 percent, and it is the only market that has a growth rate above 4 percent this quarter. All the other markets are around 3.6 percent, plus or minus a few basis points. Fairfield County and Syracuse are in the bottom five markets again, which is where they seem to be appearing quite regularly.
The chart above ranks markets by their year-over-year effective revenue growth, which is calculated as the annual change of effective rent multiplied by the occupancy rate. On the left side of the chart is the five markets with the highest effective revenue growth, and on the r
