Tuesday, October 29, 2013
REIS: National Apartment Vacancy Rate: 4.2%, Portland Metro: 2.9%
According to REIS, the national apartment vacancy rate declined in the 3rd quarter from 4.3 percent to 4.2 percent. For Q2 the Portland Metro apartment vacancy rate was pegged at 2.9 percent. Read the full story.
The Red Capital Group also released its 2013 report for Q2, ranking Portland 5th in the nation for occupancy. Red Capital Group is forecasting Portland metropolitan vacancy at 3.5 percent for 2014, 3.4 percent for 2015 and 3.1 percent for 2016. Download the Red Capital Group summary sheet PDF.