U.S. apartment vacancy rate edges up in second quarter: Reis
June 27, 2017 | Reuters
The U.S. apartment vacancy rate increased in the second quarter and rents were higher, according to a report from Reis Inc (REIS.O).
The national vacancy rate rose slightly to 4.4 percent in the second quarter from 4.3 percent in the first quarter, the real estate research firm said.
Asking rent rose 1.3 percent and effective rent grew 1.1 percent in the most recent quarter. They increased 3.5 percent and 3 percent respectively year-over-year, according to the report.
