Reis: Apartment Vacancy Rate increased in Q3 to 4.5% via Calculated Risk

Reis reported that the apartment vacancy rate was at 4.5% in Q3 2017, up from 4.4% in Q2, and up from 4.1% in Q3 2016. This is the highest vacancy rate since Q4 2012 (although the increase has been small). The vacancy rate peaked at 8.0% at the end of 2009.

From Reis:
The apartment market continued to withstand the pressure from added supply in the third quarter as the national vacancy rate increased only 10 basis points to 4.5% in the quarter.

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