It’s getting harder and harder to find an available unit in multifamily real estate.
In the third quarter of this year, multifamily vacancy fell to 3.6%, down 40 basis points from 2018, to the lowest level since 2000, according to a report from CBRE.
On average, rent rose 2.9% year over year, slightly higher than the historical average of 2.6%.
Read more...Multifamily vacancies haven’t been this low since 2000 via HousingWire
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