Reis: Apartment Vacancy Rate increased in Q3 to 4.3%

Reis reported that the apartment vacancy rate increased in Q3 2015 to 4.3%, up from 4.2% in Q2, and unchanged from 4.3% in Q3 2014. The vacancy rate peaked at 8.0% at the end of 2009. A few comments from Reis Senior Economist and Director of Research Ryan Severino: It appears as if the market has finally reached its inflection point during the third quarter. Although the national vacancy increase of 10 basis points was slight, it was actually a slight acceleration of a trend that began during the second quarter of 2014. That's when vacancy technically started rising. While not a steady upward ......(read more)

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