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Apartment House Occupancy Rates Rise While New Construction Soars, Business and Industry Trends Analysis

Occupancy rates in U.S. apartment houses are slowly rising while rents remain high.  According to analysts at Reis, for the first quarter of 2016, the vacancy rate at U.S. apartments rose to 4.5%, up from 4.4% in the fourth quarter of 2015 and 4.3% in the first quarter of 2015.  Historically, the vacancy rate peaked in late 2009 at 8.0% and bottomed out at 4.2% in 2014 and early 2015.  Rents reached record high levels in 2015.  For the 12 months ending March 31, 2015, rates rose an average of 3.5% nationwide, to an average monthly rate of $1,131.72.  By…

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