Thursday, January 19, 2006

Condos cut into U.S. Apartment Supply

Conversions on rental apartments to condominiums decreased the apartment supply, which boosted the market overall. As a result, apartment rents in the 69 largest U.S. markets rose 0.7% durring the last three months, as vacancies dipped to 5.7% according to the recent report from Reis Inc.


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