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Jared Hammond

Realtor

Harbor Springs

6789 S Lakeshore Drive

Harbor Springs, MI49740

Main:	231-526-1100	Office:	231-526-1100 ext 228
Fax:	231-526-9392	Cell:	231-881-6573

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Multifamily Vacancy Level Highest Since 1986

Commercial Real Estate News reports that the national multifamily vacancy rate is at 7.8%- the highest since 1986. With the highest unemployment rate in decades (9.8%) it's no wonder landlords are seeing more vacancies. The laws of supply and demand have caused a decrease in the average effective rent rates as landlords struggle to fill vacancies.

Link to Article:

http://www.loopnet.com/xnet/mainsite/news/news.aspx?DocID=9968&sourcecode=1lntd009

Posted by Jared Hammond @ 10:02 AM on 10/08/2009

Tags: news

Coldwell Banker Schmidt Family of Companies (Coldwell Banker Schmidt REALTORS®, Coldwell Banker-AJS Schmidt and Coldwell Banker Woodland Schmidt) is the largest and most successful real estate company in Grand Rapids, Western and Northern Michigan. Start your property search at CBGreatLakes.com. Find homes for sale or list your property with me today.

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