U.S. apartment vacancy rate edged up in the fourth quarter, with vacancy rising ...
FILE PHOTO: A"For Rent" sign is posted outside a small apartment complex in Carlsbad, California, U.S., January 18, 2017. REUTERS/Mike Blake
The vacancy rate was 4.7%, up 0.1% from the third quarter and marginally down from 4.8% a year earlier. Both the national average asking rent and effective rent, excluding landlord concessions, increased 0.5% to $1,498 per unit and $1,426 per unit, respectively, from the previous quarter, the research firm said.
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