AvalonBay Communities, Inc. Provides First Quarter 2021 Operating Update
Like-Term Effective Rent Change represents the percentage change in effective rent between two leases of the same lease term category for the same apartment.
- Like-Term Effective Rent Change represents the percentage change in effective rent between two leases of the same lease term category for the same apartment.
- The Company defines effective rent as the contractual rent for an apartment less amortized concessions and discounts.
- Suburban Communities are communities located in submarkets with less than 3,500 households per square mile.
- Urban Communities are communities located in submarkets with 3,500 households or more per square mile.