In the article Strong Demand, Low Vacancy Rate Forecast for Multifamily Housing in 2015 on CommunityInvestor.com, a National Association of Realtors report forecasts a decline in the vacancy rate of multi-family housing through 2015, even as multi-family housing starts increase.
“As a result, rent growth will outpace broad consumer inflation in upcoming years,” says Lawrence Yun, the NAR’s chief economist.
In addition, the NAR also reports that other types of commercial real estate, including retail and industrial property, will experience a decline in vacancies, which will increase the average rent for these properties in the coming year.
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