Moody's: Apartment Vacancy Rate Unchanged in Q2; Office Vacancy Rate at New Record High

From Moody’s Analytics Economists: Apartment Demand Slowly Catching Up, Office Stress Continued to Manifest, Retail Resilient Despite Bankruptcies, And Industrial Cools Down

National multifamily vacancy stayed flat at 5.7% over the first half of 2024, 50 basis points (bps) above the same time last year and 80 bps higher than the pandemic low. While new s…