Oct
22

Reis: Apartment Performance Slowed in Q3

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The apartment sector has lost some of the momentum that it showed earlier in the year, according to a recent third-quarter report from Reis Inc., while the office and retail sectors remained sluggish.

“We are starting to see the first indications of a bit of fatigue in the apartment market,” said Ryan Severino, senior economist with Reis. “We’re not seeing the vacancy compression that we once saw.”

The national vacancy rate inched down from 4.7 percent to 4.6 percent, the slowest rate of improvement since the recovery began in early 2010, according to the report.

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