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vacancy rates: APARTMENT VACANCY RATE HITS 30-YEAR HIGH! - 01/11/10 09:06 PM
Real estate research firm Reis, Inc. reports that apartment vacancies rose to 8-percent in the last quarter of 2009. As a result many large apartment complex owners have been forced to reduce rents. One year ago the vacancy rate was 6.7%. The blame for the recent downturn goes to the recession and to job losses and/or fear of job loss,

Apartment Vacancy Rates Hit 30-year High.
Resi has been tracking apartment vacancy rates for 30 years and an eight-percent rate is the highest on record.
That being said, the MLS in Northeast Ohio's eastern suburbs is not exactly flooded with rentals. … (3 comments)

 
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