Apartment Vacancies Decline in U.S. to Lowest Rate Since 2001

Apartment Vacancies Decline in U.S. to Lowest Rate Since 2001

Chip Chipman/Bloomberg

While low vacancies are helping to boost the performance of apartment properties nationwide, “risks may manifest later in the year” as multifamily developers pick up the pace of construction to take advantage of rising rents, Victor Calanog, head of research and economics at Reis, said in the report.