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> And rent in that city has exploded, up 80% since 2016. What’s odd about this price increase is that vacancy rates have been inching up, and when there’s more
by rconti 2y ago
> And rent in that city has exploded, up 80% since 2016. What’s odd about this price increase is that vacancy rates have been inching up, and when there’s more supply, prices should come down. But they aren’t.
I'd be curious to see the vacancy rate data.
- notaustinpowers 2y agoI live in Atlanta so I'm familiar with vacancy rates here. This data from Costar shows it's the highest in the nation and has gone up around 60% around 7.5% to 12% since Q1 2021. https://www.costar.com/article/961023632/atlanta-multifamily-vacancy-rate-doubles-in-two-years-now-highest-among-large-us-markets https://www.costar.com/article/961023632/atlanta-multifamily...
- rconti 2y agoWow. That sounds like a LOT more than "inching up". I got the feeling from the article it must be significant, but their use of the term "inching up" made me think maybe it was somehow not all that great.