Reis: Apartment Vacancy Rate unchanged in Q4 at 4.8%

Reis reported that the apartment vacancy rate was at 4.8% in Q4 2018, unchanged from 4.8% in Q3, and up from 4.6% in Q4 2017.  This ties last month as the highest vacancy rate since Q3 2012. The vacancy rate peaked at 8.0% at the end of 2009, and bottomed at 4.1% in 2016. From Reis: The apartment vacancy rate was flat in the quarter at 4.8% . At year-end 2017 it was 4.6%, while at year-end 2016 it was 4.2%. Both the national average asking rent and effective rent, which nets out landlord concessions, increased 0.8% in the fourth quarter. At $1,440 per unit (market) and $1,370 per......(read more)

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