Q3 National Apartment Vacancy Rate is 4.4%

According to apartment data provider REIS the national apartment market’s vacancy rate was 4.4% in Q4 2016.  In their data from the top 50 apartment markets, they report new construction levels that haven’t been seen since 1998.  In addition, they predict vacancies to modestly rise for the next 5 years and a drop off in construction starting at or around late 2018.  Reis covers Apartment markets throughout the nation, collecting property level structural information such as year built, year renovated, size, and unit mix, as well as performance information such as rental and vacancy rates.

Click here to read their full report on REIS.com.