National apartment vacancy rates are rising, but a new multifamily report from Moody’s Analytics REIS says that the higher rate isn’t a concern. The multifamily vacancy rate increased 30 basis points this year to 5%, but the rate has remained well below the long-term average of 5.2% to 5.4%.

Two factors are helping to stabilize apartment occupancy: the relatively low COVID-19 fatality rate and national eviction moratoriums, according to the Moody’s report. Although COVID-19 infections have become more severe, the death rate has remained stable throughout the pandemic with minimal impact on household population formation. In addition, the eviction moratorium has stifled household movement through most of the US.


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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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