Apartment Vacancy Rate increased in Q4 to 4.4%

Reis reported that the apartment vacancy rate increased in Q4 2015 to 4.4%, up from 4.3% in Q3, and up from 4.3% in Q4 2014. The vacancy rate peaked at 8.0% at the end of 2009, and appears to have bottomed at 4.2%. A few comments from Reis Senior Economist and Director of Research Ryan Severino: Fourth quarter data provides yet more evidence that the national vacancy rate has already bottomed out and is set to keep increasing . As we noted last quarter, vacancy technically started rising during the second quarter of 2014, but had fallen back before bottoming out again during the second......(read more)

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