Apartment Rents Going Down While Vacancy Rates Go Up…This Can’t Be Good.

From the Apartment Building Management Insider: “U.S. apartment rents fell in the fourth quarter from the third as the national vacancy rate climbed to a four-year high of 6.6 percent, according to a report just published by Reis Inc., a New York-based research firm.

The report defies the expectation that apartments would benefit from the housing slump as job losses and lower wages are cutting into the pool of potential renters in their twenties and thirties.”

Read the rest here

MasterPlan Capital LLC; Commercial Real Estate Investment Bankers

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