The apartment vacancy rate fell to 5.2% in Q4, the lowest in a decade, from 5.6% in Q3, figures...

|By:, SA News Editor

The apartment vacancy rate fell to 5.2% in Q4, the lowest in a decade, from 5.6% in Q3, figures from Reis show. The sector has benefited from foreclosures, stricter mortgage-lending standards and weak construction. The average monthly rent edged up 2.3% to $1,009.