(Read more on the multifamily market.)
LAS VEGAS-Vacancies continued to tick up in the Vegas Valleyapartment market, according to Applied Analysis, a locally basedbusiness research and advisory firm. Occupancy hit 93.5% during thethird quarter, down 20 basis points from 93.7% at the end of Juneand down 230 basis points from 95.8% this time last year.
The average increase in vacancy was partially offset by theaverage per-sf rental rate, according to the report. The averagerent was $0.99 at the end of the third quarter, up $0.01 from theend of June up $0.03 since this time last year.
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