Apartment Employee Turnover Rate Forecast to Increase in 2013

Multifamily Housing employee turnover rates are expected to continue edging higher in 2013, to 31.5 percent. Since data collection began in 2000, the lowest turnover reported was 28.6 percent in 2010 and the highest turnover was 40.3% reported in 2000. Data from Christopher E. Lee & Associates, Inc. and compiled from proprietary information provided by multifamily housing companies representing more than 300,000 units managed or owned nationwide.