Multifam and Apartment Vacancy Rates Climbing

Third quarter numbers are in and they are not pretty for the multifamily and apartment space.  Vacancies are now at 7.8 percent nationally according to Reis, Inc. a respected real estate research firm.  That is the highest level since the mid 80’s and the forecast is there’s more to come.  Community Lenders Network has realtionships accross the country that still view the apartment asset class as a viable investment and continue to make loans on well supported requests.  Contact us to learn more.

To read the full Reuters story click here: http://www.reuters.com/article/marketsNews/idUSN0539889920091006