The latest news of interest to multifamily owners of apartment buildings in Oregon and Washington.
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Tuesday, November 30, 2010
National Association of Realtors: Commercial Vacancies Set to Improve Nationwide in 2011
The National Association of Realtors reported today that commercial vacancies have stabilized and will see slight improvement in 2011. The NAR predicted that multifamily properties would also improve nationally with vacancy rates dropping from the current 6.4% to 5.8% by the end of 2011. The NAR reports areas with the lowest multifamily vacancy rates presently are San Jose, Calif.; Miami; Boston; and Portland, Ore., with vacancies in a range around 4 percent. Read more.