Apartment Trends Q2 2014

Reis VP of Economics & Research, Dr. Victor Calanog, provides an update on the apartment sector performance for the second quarter of 2014.

The national vacancy rate remained unchanged at 4.1% during Q2.
Net absorption topped 35,000 units while roughly 34,000 new units came online.
Asking and effective rents rose by 0.8% and 0.9% during the quarter.

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