Video – Q1 2013 Apartment Trends
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.