I worked on some pricing recommendation/forecasting software for apartments. Many things come into play, but yes the general multifamily goal is to sustain ~95%

I worked on some pricing recommendation/forecasting software for apartments. Many things come into play, but yes the general multifamily goal is to sustain ~95% occupancy. That, along with competitor info, is primarily what drives the prices. Anything that increases vacancy or makes the competitors cheaper drops prices...kind of obvious of course.