Apartment Vacancy Rate Declined in Q2

Effective Rents up 17.5% Year-over-year

Moody’s Analytics Reis reported that the apartment vacancy rate was at 4.5% in Q2 2022, down from 4.7% in Q1, and down from a pandemic peak of 5.4% in both Q1 and Q2 2021.

From Moody’s Analytics Senior Economist Lu Chen: Apartment sets new record, Office continued its bumpy ride, and Retail stayed flat

We started the 2nd quarter of the year with lowered …