Wednesday, April 8, 2015

Reis Reports: Apartment Vacancies To Remain Low Despite Construction Boom

In a number of markets, there are cranes building apartments as far as the eye can see. Thankfully, because the market is currently so tight, it will take a number of years before the increase in vacancy stymies rent growth.

A recent REIS report puts it this way: “With the economy and labor market poised to have a strong 2015, we see no reason why net absorption should decline from its current levels for at least the next two years,” the report predicted.

Good news for owners and developers. Read the full article.