Apartment vacancies nationally dwindled to another record low in September at just 2.7%, according to RealPage, Inc. This marked the fourth consecutive month of record-breaking lows in a dataset going back three decades.
Ultra-low vacancy traces to unprecedented demand from both new renters moving in and existing renters choosing to renew leases.
Read more...U.S. Apartment Vacancy Plunges in September to Record Low as Lease Renewals Surge via RealPage
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