In preparation for the multifamily quarterly feature in Real EstateForum magazine, we sat down with many multifamily experts fromaround the country. On particular topic on the agenda was apartmentvacancy and whether or not it will tick upward. While it ishappening in some markets, there are dozens where the opposite istrue, said sources. See the below commentary for more on thesubject.
GlobeSt.com: A recent report we read said apartmentvacancy continues to tick upward. Is that something you are seeingand can we expect that going forward? Do you expect a faster upwardpace in the coming months? Why or why not?
Josh Dix, SVP in Trammell Crow Co.'s MidAtlanticBusiness Unit and National Practice: As you know,demand ebbs and flows, but strong fundamentals continue in mostmarkets suggesting continued interest in multifamily/absorption.Vacancy has ticked upward slightly in some markets. It is somethingwe expected to see in the short term as additional competition cameon line in certain markets. In those markets, we do expect thevacancy uptick to moderate as new supply is absorbed.
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