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Real Estate Buzz
 Joe Nabbefeld Real Estate Editor |
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April 24, 2003
Real Estate Buzz: Apartment vacancies reach 20-year high
By JOE NABBEFELD
Real Estate Editor
Real Estate Editor
Apartment vacancies have reached 7.6 percent, the region's highest level in 20 years, reports Dupre + Scott.
A combination of the recession and ultra-low interest rates, which allow more renters to become owners, pushed vacancies up from last fall's already high 7.1 percent, the Seattle-based apartment consulting firm said in its spring report.
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