As occupancy falls again, apartment landlords sweeten the pot


CNBC (March 31, 2017) – If you are a first-time renter or looking to upgrade to a bigger, newer apartment, now may be your best chance.

Demand for rental apartments fell short of new supply by about 100,000 units nationwide, according to RealPage, a real estate analytics firm. Apartment occupancy is still high, but it is softening a bit, dropping to 94.5 percent in the first quarter of this year, compared to 95.1 percent at the end of 2016. Occupancy has been falling for the past six months.

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