Despite more than a decade of strong growth under its belt, the apartment sector occupancy rate continues to hit new highs.
"Terrific absorption has pushed occupancy upward to highs for this economic cycle," say Greg Willett, chief economist for RealPage Inc., a provider of property management software and services.
That might seem strange. The occupancy rate in the U.S. has already been high for a very long time.
Read more...Apartment Occupancy Rate Hits a New High via NREI