The rental scene, too, mirrors a similar tightening. SQM Research’s data reveals a dip in the national residential vacancy rate to 1.1% in September. Louis Christopher, SQM’s Managing Director, observes that this trend is almost universal, touching upon major cities and regional locales. An immediate fallout of shrinking vacancies? A noticeable jump in asking rents – up by 1.3% nationally in September and a whopping 16.2% annually.
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