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      Q3 2016 Apartment Trends Video

       

      • The national vacancy rate for multifamily properties across Reis’s largest metro markets did not budge from it 4.4% in Q3 2016.
      • Close to 40,000 new units came online in Q3 2016.
      • Demand remained robust enough to absorb the amount of units that are coming online.
      • Asking and effective rents grew by 1%.
      • Year-over-year asking rents grew by 3.9% and effective rents grew by 3.8%.
      • Most expensive costal markets' highest priced properties are showing weakness.

       

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      Topics: Apartment, Vacancy Rates, Economic Trends, Cap Rates, Rents, Absorption Rates, Sales, Video, Construction, All