What to do about multifamily vacancy rate increasing

[Benjamin Aaker]

The multifamily vacancy rate is up to 6.3% nationally. This is still low but the increase worries me. I'd like to hear from the experts on this forum about why they think that the rate is going up and what it's affect will be on their business/investments. Please let us know what you are doing right now.

[Chris Seveney]

@Benjamin Aaker

Supply and demand. Rents have shot up quickly and there is a significant amount of multifamily being built right now (I believe more than ever).

When pushing rents to the max it will increase vacancy as larger buildings having vacancy is not a bad thing. It’s used to test the market and cost.

We are also at near all time lows so it going back up to 7-8% vacancy rates would not be shocking