This is market absorption rate (supply vs demand) in Riverside CA , seems like a modest appreciation for next 12 month

Net absorption rates are low in some major cities, pushing up rental rates.

Now if you are the owner as well as the leasing agent you need to fully disclose this to them that you are licensed.By checking the MLS you will see absorption rates based on what time of year.

Hi, does anyone know where to find absorption rates for multifamily properties for different markets?

My concern for you is that the door and/or frame will be damaged by the tenant attempting to open/close it and/or the door rotting due to water absorption...both will incur you greater expense. 

Also, if you're thinking about selling it in the future, check the absorption rate of the area.

I am going to say your 3-unit is 3000 SF (1,000 SF per unit)1. rent comps in the area. example $2.00/sf/month + NNN2. absorption rate (how long it takes to rent a space), example 4-6 months3. vacancy factor, example 10%.4. commission, 6% of 5-year lease value.Next, I'd  calculate gross, then adjusted gross, then using the area cap rate I can determine value.gross: $2 x 3000 x 12 = $72,000/yradjust = gross - vacancy (10%) = $64,800.example area cap rate of 5%.

This will affect absorption rates, slowing it down.

I normally look at the DOM compared to the absorption rate to make that determination.

to me a better metric would be DOM  ( Days on Market) or absorption.