U.S. Apartment Rents Decline as Vacancies at Record

[Arraya]

http://www.bloomberg.com/apps/news?pid=20603037&sid=acQDX2fF_AHg

April 6 (Bloomberg) — U.S. apartment rents dropped in the first quarter and the vacancy rate remained at a record as unemployment near a 26-year high limited tenant demand.

Actual rents paid by tenants, known as effective rents, declined 1.5 percent from a year earlier, Reis Inc. said in a report today. Asking rents fell 1.6 percent, according to the New York-based property research firm. Vacancies were unchanged at 8 percent, the highest level since 1980, when Reis began tracking the number, said Victor Calanog, director of research.

[outtamojo]

County may lead rental market rebound http://www.signonsandiego.com/news/2010/apr/07/county-may-lead-rental-market-rebound/

“…San Diego County, with its relatively strong economy, stands to lead Southern California’s apartment market out of the doldrums in the next year, according to a University of Southern California report being released today.

Rents will rise here first and vacancies will fall the most in the five-county region during the next 12 months, the report said…”

[outtamojo]

County may lead rental market rebound http://www.signonsandiego.com/news/2010/apr/07/county-may-lead-rental-market-rebound/

“…San Diego County, with its relatively strong economy, stands to lead Southern California’s apartment market out of the doldrums in the next year, according to a University of Southern California report being released today.

Rents will rise here first and vacancies will fall the most in the five-county region during the next 12 months, the report said…”

[outtamojo]

County may lead rental market rebound http://www.signonsandiego.com/news/2010/apr/07/county-may-lead-rental-market-rebound/

“…San Diego County, with its relatively strong economy, stands to lead Southern California’s apartment market out of the doldrums in the next year, according to a University of Southern California report being released today.

Rents will rise here first and vacancies will fall the most in the five-county region during the next 12 months, the report said…”

[outtamojo]

County may lead rental market rebound http://www.signonsandiego.com/news/2010/apr/07/county-may-lead-rental-market-rebound/

“…San Diego County, with its relatively strong economy, stands to lead Southern California’s apartment market out of the doldrums in the next year, according to a University of Southern California report being released today.

Rents will rise here first and vacancies will fall the most in the five-county region during the next 12 months, the report said…”

[outtamojo]

County may lead rental market rebound http://www.signonsandiego.com/news/2010/apr/07/county-may-lead-rental-market-rebound/

“…San Diego County, with its relatively strong economy, stands to lead Southern California’s apartment market out of the doldrums in the next year, according to a University of Southern California report being released today.

Rents will rise here first and vacancies will fall the most in the five-county region during the next 12 months, the report said…”

[ybitz]

housing price is going up, rental price is going up, little or no inflation at the moment, wage is flat, and unemployment still high (over 10%). What’s going on? These economic indicators seem to be pointed in conflicting directions.

[ybitz]

housing price is going up, rental price is going up, little or no inflation at the moment, wage is flat, and unemployment still high (over 10%). What’s going on? These economic indicators seem to be pointed in conflicting directions.

[ybitz]

housing price is going up, rental price is going up, little or no inflation at the moment, wage is flat, and unemployment still high (over 10%). What’s going on? These economic indicators seem to be pointed in conflicting directions.

[ybitz]

housing price is going up, rental price is going up, little or no inflation at the moment, wage is flat, and unemployment still high (over 10%). What’s going on? These economic indicators seem to be pointed in conflicting directions.

[ybitz]

housing price is going up, rental price is going up, little or no inflation at the moment, wage is flat, and unemployment still high (over 10%). What’s going on? These economic indicators seem to be pointed in conflicting directions.

[jameswenn]

[quote=ybitz]housing price is going up, rental price is going up, little or no inflation at the moment, wage is flat, and unemployment still high (over 10%). What’s going on? These economic indicators seem to be pointed in conflicting directions.[/quote]

Rental prices are definitely down. Lots of empty units out there too. My large condo apartment has at least 30% of the units empty, was full over a year ago.

[jameswenn]

[quote=ybitz]housing price is going up, rental price is going up, little or no inflation at the moment, wage is flat, and unemployment still high (over 10%). What’s going on? These economic indicators seem to be pointed in conflicting directions.[/quote]

Rental prices are definitely down. Lots of empty units out there too. My large condo apartment has at least 30% of the units empty, was full over a year ago.

[jameswenn]

[quote=ybitz]housing price is going up, rental price is going up, little or no inflation at the moment, wage is flat, and unemployment still high (over 10%). What’s going on? These economic indicators seem to be pointed in conflicting directions.[/quote]

Rental prices are definitely down. Lots of empty units out there too. My large condo apartment has at least 30% of the units empty, was full over a year ago.

[jameswenn]

[quote=ybitz]housing price is going up, rental price is going up, little or no inflation at the moment, wage is flat, and unemployment still high (over 10%). What’s going on? These economic indicators seem to be pointed in conflicting directions.[/quote]

Rental prices are definitely down. Lots of empty units out there too. My large condo apartment has at least 30% of the units empty, was full over a year ago.

[Author]

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