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Tag >> Vacancy

Apartment Vacancies Continue to Rise

Posted by: Carleton Sheets in Vacant, Vacancy, unemployment, Trend, Tenant, Renter, rent, Real Estate Market, commercial real estate, commercial property, apartment on Jul 13, 2009.

A recent report on CNNMoney.com about apartment vacancies reaching historic levels reminded me of one of my blogs I wrote last October, Where Are All the Renters?,  and another one, Bringing Families Closer Together,  that I posted in February of this year.

The CNN article talks about how the rising unemployment rate has hurt apartment rentals. One demographic hit hard---the 18-25 year olds

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Vacancies on the Rise

Posted by: Carleton Sheets in Vacancy, Tenant, Renter, Rehab, Real Estate, Property Management, Housing Market, Commercial on Apr 15, 2009.

For several months I've been reading disturbing articles about the rise in rental vacancies---all across the county. Now the Wall Street Journal is voicing the same concerns.

Rental vacancies---both commercial and residential---are up because of the economy. And although landlords have lowered rents (in some cases as much as 20%!) and offered other concessions, renters are continuing to renege

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