Reis VP of Economics & Research, Dr. Victor Calanog, provides an update on the apartment sector performance for the second quarter of 2014.
The national vacancies rose 10 basis points to 4.2% during Q3 for the apartment sector.
Asking and effective rents increased by 1.1% on a quarterly basis.
Close to 200,000 units are expected to come online in 2014.
Watch Video...Apartment Trends Q3 2014 - ReisReports
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