New Haven, CT - Lowest Vacancy Rate in Nation, Thoughts?

[Jacqueline Carrington]

New Haven, CT has had the lowest renter vacancy rate in the nation for a few years now. Currently around 2-2.1%. Here is a great article (and most recent I've found) from Yale News discussing the state of the marketplace and the issues the city is facing.

http://yaledailynews.com/blog/2015/10/15/elm-city-...

It seems like a great opportunity for investors to not only get multi-family units, but to focus on the low and middle-class family earners as renters. Due to the low vacancy rate, rents are already higher, which is a plus for investors. But if investors can offer decent, fair living conditions based on the areas/class of neighborhood, it seems like the problem can be turned around without the need for big corporation buildings and constructions. 

Any local Greater New Haven area investors or real estate professionals have any thoughts? For those outside of the this area or out of state, what thoughts do you have about the subject having fresh eyes and not directly in the New Haven market?