Apartment Vacancy Rate unchanged in Q2 at 4.5%

Reis reported that the apartment vacancy rate was at 4.5% in Q2 2016 to 4.5%, unchanged from Q1, and up from 4.2% in Q2 2015. The vacancy rate peaked at 8.0% at the end of 2009, and bottomed at 4.2% in 2014 and early 2015. A few comments from Reis Senior Economist and Director of Research Ryan Severino: The national vacancy rate was unchanged at 4.5% during the second quarte r. However, this was merely due to rounding as demand simply cannot keep pace with the volume of new construction hitting the market. Given the trend over time for increased construction volume and limited demand, vacancy ......(read more)

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