Here are the five markets where rental occupancy is falling fast

Rise in rent is a huge factor

Although there are many major metros seeing an uptick in multifamily occupancy rates, economic downturns have impacted other metros negatively.

To that point, the five markets where occupancy has fallen the most are scattered across the nation, according to new data from Yardi Matrix.

Nationally, rents have risen as much as 9%, Yardi Matrix said last month.

While the No. 4 Scranton-Wilkes-Barre, Pennsylvania market saw a steady occupancy growth from July to August this year, the other four markets saw a significant drop.

The one trend seen in all five of these markets is a constant decrease in occupancy.

Click Here For The Full Article


Start receiving; press releases, commercial real estate news, information and trends on particular markets and regions.

Picture: Pixabay
Scroll to top
%d bloggers like this: