U.S. Apartment Occupancy Drops, Rents Continue to Grow
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Posted
March 30, 2017
New multifamily properties completed in late 2016 and early 2017 are scrambling to land their initial residents. Rental housing occupancy is dropping, especially in the high-end apartment product niche, as a sizable wave of new buildings came on stream in the colder weather months when leasing activity is seasonally sluggish across much of the nation.
A new quarterly report combines the market-leading expertise and analysis of real estate technology and analytics firm RealPage, Inc. with Axiometrics, now a division of RealPage. The complete U.S. findings on supply-demand fundamentals and rent growth leaders by metro for 1st quarter 2017 are now available here.
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