Reis: Expect Moderation in Rent Growth as Market Absorbs New Supply via Multifamily Executive Magazine

National apartment unit vacancy rose by 10 basis points (bps) in the third quarter, up to 4.5%, while asking and effective rents rose by 1.0% and 0.9%, respectively, over the same period.

The vacancy shift falls in line with Reis’s expectations for the year, according to Victor Calanog, chief economist and senior vice president at the firm, in his Apartment Trends analysis for Q3 2017. Calanog says the industry should “expect a moderation in rent growth as the market absorbs new supply.”

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