Apartment vacancy rate falls to decade low

"...But that may be short lived. About 150,000-200,000 new units are expected be built next year. That supply likely will dampen rent growth next year..."

Not to mention the story YESTERDAY about thousands of forclosed and empty single-family houses being bought up by large investors to be turned into rental properties...

and of course nothing really to do with Manhattan or even NYC...

yeh national story i guess, but they shouted out gotham fwiw..

"In New York City, the largest U.S. apartment market, the vacancy rate fell to 2 percent in the first quarter, below the cyclical low of 2.1 percent last seen at the end of 2007.

Rents there remained the highest of the 82 markets Reis tracks, at $2,885 a month, up 0.3 percent for the quarter."

still no mepa mehh, when does carrie diaries come out? CW?

The lemmings are renting.

there is actually going to be some hiring this spring too so the rental market will definitely tighten more.

soon I'll be able to buy for all the increases in rent! lol

Wow. A massive re bull masturbating scene. Riverturd. Pace yourself. Coming first is not the goal in this circle jerk. Nihao.

$200us for a fking 8hr translator? 6.2 yuan to dollar. Average wage in shanghai $10k/yr. spending my LL's re bubble profits => priceless.

Can't wait to get home and fire up that Audi r8! Damn never seen so many fking idiot drivers. The nicer your Mercedes Benz, the dickier you can drive in china. Hmmmm. Maybe I'll move here and laugh at the massive re bubble that's gonna implode here also.