Deaton Investment Real Estate News

Leasing Outpacing Supply

8/22/2016 3:12:14 PM

Source: Triangle Business Journal

Absorption of the 6,140 new apartment units that have opened in the past 18 months in the Triangle is still outpacing supply as the Triangle vacancy rate for multifamily units dropped to 6.1 percent in July.

That’s according to the latest AptIndex report by Charlotte-based Real Data Apartment Market Research, which also showed that construction starts in the past six months had dropped to its lowest level since 2011.