Category Archives: Market Update

[National RE Investor] Reis: Apartment Vacancies Drop Below 5 percent

The multifamily sector continued its torrid run as vacancy rates fell by 30 basis points in the first quarter down to 4.9 percent, according to real estate research firm Reis Inc. The last time the vacancy rate was this low was more than 10 years ago in the fourth quarter of 2011.According to Reis, “It is also significant to note that national vacancies have improved beyond the benchmark 5 percent level used as a rule of thumb by apartment landlords: for most markets, once vacancies tighten below 5 percent, effective rents tend to spike as landlords perceive that tight market conditions allow for greater pricing power. With overall vacancies below this level, expect rent growth to accelerate even more.”

via Reis: Apartment Vacancies Drop Below 5 percent.

Job Outlook: Atlanta, GA – A strong job market and a good place for rentals

“Atlanta is one of the fastest growing major cities in the US, and the Atlanta metropolitan region is 8th largest metro area in the country. Atlanta has the 3rd largest number of Fortune 500 companies within city limits, and over 75% of the Fortune 1000 have operations within the Atlanta metropolitan area.”

via Job Outlook: Atlanta, GA – Careers Articles.