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May. 28, 2013

Video – Q1 2013 Apartment Trends

Video by ReisQ1 2013 Apartment Market Trends from Reis Reports

Reis Reports Chief Economist Dr. Victor Calanog covers Q1 2013 Apartment Trends and provides an outlook for the coming months in the sector.

Some highlights include:

  • Apartment vacancy hit 4.3 percent at the end of the first quarter.
  • Asking and effective rents grew by 0.5 percent
  • Multifamily development is continuing to surge, bringing 150,000 units online in 2013.
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