Apartment vacancy falls to lowest level since 2001

A single room is illuminated in a block of high-rise apartment buildings in the Brighton Beach neighborhood of New York, November 2, 2012. Credit: Reuters/Lucas Jackson

A single room is illuminated in a block of high-rise apartment buildings in the Brighton Beach neighborhood of New York, November 2, 2012.
Credit: Reuters/Lucas Jackson

reuters_logo

 

The U.S. apartment vacancy rate fell to its lowest level in more than a decade, but persistent stagnant income growth for U.S. workers has tempered the ability of landlords to raise rents, according to an industry report released on Wednesday.

The national apartment vacancy rate fell 0.2 percentage points to 4.3 percent in the first quarter, the lowest since the fourth quarter 2001, according to a preliminary report by real estate research firm Reis Inc. Rents, on the other hand, grew by 0.5 percent, the smallest increase since the fourth quarter of 2011.

By Ilaina Jonas (Reuters)
NEW YORK | Wed Apr 3, 2013 12:05am EDT

[button-black text="READ MORE" Full Story" url="http://www.reuters.com/article/2013/04/03/us-usproperty-apartments-idUSBRE93204820130403"]

 
 

News Sources

  • ABC
  • Access Hollywood
  • Associated Press
  • BBC
  • Bloomberg
  • Boston Globe
  • C-SPAN
  • CBS
  • Chicago Sun-Times
  • Christian Science Monitor
  • Center for Public Integrity
  • CNN
  • Congressional Quarterly
  • Democracy Now!
  • Digg
  • E! Online
  • Entertainment Weekly
  • Financial Times
  • Forbes
  • Foreign Policy
  • Fortune
  • Front Street Magazine

  • U.S. News, World News
  • Business, Politics
  • Entertainment, Sports
  • Art, Lifestyle
  • Videos And More
  • News Sources

  • Fox News
  • Google News
  • Guardian
  • Huffington Post
  • Independent
  • LA Weekly
  • Los Angeles Times
  • McClatchy
  • Mother Jones
  • National Journal
  • NBC New
  • New York Post
  • New York Times
  • Newsweek
  • Newsy
  • NPR
  • PBS NewsHour
  • People
  • Politico
  • Reuters
  • TPM
  • Washington Post
  • Thanks For Your Support!

    Advertisement
     

    Copyright © 2018 Front Street. All Rights Reserved.