Wednesday, May 26, 2010

Bloomberg Reports Rental Apartments in U.S. May Lead Recovery

U.S. apartments may lead a rebound in commercial real estate as vacancies
peak in 2010 and the economy adds jobs, according to property research firm
Reis Inc. Apartment vacancies probably will peak at 8.2 percent in 2010,
the highest level since Reis began tracking the number in 1980, Reis
economist Ryan Severino said in a briefing. The number should start to
decline in 2011, Reis said.

Read the full article by Hui-yong Yu here:

(For information on the multi-family market in Idaho Falls and the
surrounding region, contact NAI agent Doug Powell at (208) 525-8088.)

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