Reis: Apartment Vacancy Rate increased in Q4 to 4.5%

Reis reported that the apartment vacancy rate was at 4.5% in Q4 2017, up from 4.4% in Q3, and up from 4.2% in Q4 2016.  This is the highest vacancy rate since Q4 2012 (although the increase has been small).  The vacancy rate peaked at 8.0% at the end of 2009, and bottomed at 4.1% in 2016. From Reis: The apartment market continued to face pressure from added supply in the fourth quarter as the national vacancy rate increased 10 basis points to 4.5% in the quarter . Asking rents increased 0.4% in the fourth quarter, while effective rents grew 0.3%. Effective rents net out......(read more)

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