Bank recently released its Skyline Reports on commercial and multifamily real estate in Northwest Arkansas for the last six months of 2015.
A reading of 42 is seen as a healthy number for the multifamily market. "Multifamily builders and developers are reporting solid demand around the country, as shown in the vacancy rate for the first quarter," said Steve Lawson, president of The Lawson Companies in Virginia Beach, Va., and chairman of NAHB’s Multifamily Council.
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The apartment vacancy rate stood unchanged in the first quarter of 2019 at 4.8%, up from 4.7% at the start of 2018 and 4.3% at the start of 2017, according to the Reis 1Q2019 Apartment Sector Preliminary Trends Release. Both the national average asking and effective rents rose by 0.5% in the first.
Vacancy Rate: The vacancy rate is the percentage of all available units in a rental property, such as a hotel or apartment complex, that are vacant or unoccupied at a particular time. It is the.
The Multifamily Vacancy Index (MVI), which measures the multifamily housing industry’s perception of vacancies, dropped three points 33. With the MVI, lower numbers indicate fewer vacancies. After peaking at 70 in the second quarter of 2009, the MVI declined consistently through 2010 and has been at a fairly low level throughout 2011 and 2012.
Another indicator of starts, multifamily permits, dropped 12.4. market after 2007. Indeed, vacancy rates for single-family rentals barely increased during the recession and have fallen 1.8 percentage points since 2009 to just 8.1 percent. Vacancy rates in small multifamily buildings with two to four units have followed a similar path.