Multi Family Rental Market
August 30th, 2007 by Ray Rodriguez
Vacancy rates in the apartment rental market, “multifamily housing” are projected to remain steady throughout 2007, according to the latest Commercial Real Estate Outlook of the National Association of Realtors®. Average rent should increase a modest 2.1 percent in 2007, after a 4.1 percent rise last year. In many areas, buildings constructed as condos are now being turned into rental projects, but new supply is essentially matching leasing activity.