Apartment vacancy rates (nationally) hit new 10-year low

Per Calculated Risk, REIS is reporting the lowest apartment vacancy rates in 10 years.  The REIS metric is just based on large cities, but this is an overall trend being seen in many markets across the country.

In Harrisonburg, there continue to be surpluses in student housing apartments, but vacancy rates do seem to be quite low for non-student rental properties in and around Harrisonburg.