Apartment Trends Q3 2013

Summary

Victor Calanog Reis VP of Economics & Research, Dr. Victor Calanog, provides an update on the apartment sector performance for the 3rd quarter of 2013.

Vacancy rate dropped 10 basis points to 4.2%
Current vacancy rate 100 basis points below national long term average vacancy rate
Asking and effective rents grew by 0.9% and 1.0% respectively

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