Here's how development opportunities look in the metro areas with the lowest
current apartment vacancy rates, according to market analysts and economists from property management software provider RealPage, data firm Yardi Matrix and brokerage firm Marcus & Millichap.
Not exact matches
There, the governor appeared to endorse the Assembly's proposals for rent regulation, calling for an end to
vacancy decontrol, ending permanent charges for major capital improvements and raising the price at which an
apartment is able to leave rent stabilization from the
current threshold of $ 2,500.
The bill, which Wright sponsored, would tweak
current laws and extend them until June, 2019, and would eliminate
vacancy decontrol, which allows landlords to raise rents when an
apartment is vacated or when the monthly charge reaches $ 2,500.
Entitled, «The New Housing Emergency,» the report (in full below) says loopholes in the city's
current rent - stabilization rules — like
vacancy decontrol and rent increases due to renovations — result in the loss of more than 10,000 rent - regulated
apartments per year.
Current rent laws include a measure known as
vacancy decontrol that allows a landlord to remove an
apartment from rent regulation when the monthly rent reaches $ 2,500 per month.
We also factor in the most
current rental market information, examining things like average cost to rent a 1 - bedroom
apartment and the
vacancy rates for each city.
The
apartment rental market — multifamily housing — should see
vacancy rates drop from 5.5 percent in the
current quarter to 4.6 percent in the third quarter of 2012.
One reason
apartment REIT executives remain so bullish about an imminent recovery in rents and net operating income has everything to do with the difference between previous downturns and the
current one: This time around the sector doesn't have a lot of
vacancy to burn through, and the development pipeline is emptier than usual.
The
current job situation combined with the lowest
apartment vacancy rates in recent history and increasing rents nationwide make it more important for recent grads to evaluate their prospective career and living opportunities on a holistic level.