Apartment boom levels off, vacancies up

apartmentsBy Laura Kusisto | The Wall Street Journal

The apartment market boom of the past several years appears to be topping out, according to data set to be released Thursday by real-estate researcher Reis Inc.

Increasing supply sent the vacancy rate up to 4.3% in the third quarter from 4.2% in the second quarter, which matched the lowest since the recession.

With some 200,000 additional rental units expected to hit the market this year, economists expect higher vacancy rates in coming quarters.

Continued:

Share this!

Additional Articles

Goodyear approves land purchase

By Mary Goldmeer | YourValley The Goodyear City Council unanimously approved a proposal to purchase a 13-acre parcel for $8.4 million. The acquisition, is planned to support future expansion

Read More »
News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.