Reis: Apartment Vacancy Rate unchanged in Q2 at 4.2% via Calculated Risk

Reis reported that the apartment vacancy rate was unchanged in Q2 2015, compared to Q1, at 4.2% - and also the same as in Q2 2014. The vacancy rate peaked at 8.0% at the end of 2009.

A few comments from Reis Senior Economist and Director of Research Ryan Severino:

Vacancy was unchanged at 4.2% during the quarter with construction and net absorption effectively in balance. Vacancy is cyclical and moves in long phases. For most of the last five years, the market has been in a vacancy compression phase, falling from 8% at the start of 2010 before bottoming out at 4.2% during the first quarter of last year.

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