Quote:
March 25, 2014
2015 should be record year for apartments
Vacancies are near an all-time low as developers plan to open about 10,000 units this year — and 14,500 next year.
By JOURNAL STAFF
http://www.djc.com/news/re/12063642.html?cgi=yes
The apartment vacancy rate is near an all-time low and a record number of units are scheduled to open next year, according to a report by Dupre + Scott Apartment Advisors.
Excluding properties that just opened throughout the region, the vacancy rate is down from 4 percent last fall to 3.6 percent.
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We need other measurements along with vacancy rate. We need a
housing-need-rate and
desire-to-improve-one's-housing-rate...