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Thread: Desirable apartment vacancy rates?

  1. #1
    Cyburbian Coragus's avatar
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    Desirable apartment vacancy rates?

    I looked for a thread that addressed this and I looked through the three shelves of books I have available to me, but I can't find this.

    In a recent survey of our apartment complexes, we found an overall vacany rate in our city of 5.6%. We have a sense, based on anecdotal evidence and the fact that we haven't seen a single-family request in almost a year, that this figure indicates a lack of multiple-family housing. However, before I make a case to the Planning Commission, I need to know if 5.6% really is out of whack.

    I'm not asking what the average national apartment vacancy rate is, I'm looking for what is generally considered to be a healthy apartment vacancy rate. Anyone on here have that info?

    Thanks in advance!
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  2. #2
    Cyburbian Mud Princess's avatar
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    It's been a long time since I've done work in the housing field, but I think that a 5% vacancy rate for rental housing is considered the minimum you would want to have... Maybe someone else can chime in.

  3. #3
    Cyburbian Coragus's avatar
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    According to the conversation I just had with a representative of the American Apartment Owners Association, for a city under 100,000 people, an economically healthy multi-family vacancy rate is 4-6%.

    Just thought that I'd put that up since I was the OP.
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  4. #4
    Cyburbian Tide's avatar
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    If you are the owner of the unit, anything less than 100% is unacceptable.

    However, I once heard about 5-6% being the "mobility rate" the rate at which there is enough stock to make moving easy, anything less will cause difficulty in finding a unit that fits ones needs.

    Hope that helps.

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