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Summary of Reis Apartment Statistics: Q4 2018

In units Q4 2018 Q3 2018 Q4 2017 Quarterly Change (from Q3 2018) Annual Change (from Q4 2017)
Vacancy Rate 4.80% 4.80% 4.60% 0.00% 0.20%
New Construction 49,944 62,313 66,928 -12,369 -16,984
Net Absorption 39,732 50,502 44,037 -10,770 -4,305
Asking Rent

(per unit)

$1,440 $1,428 $1,373 0.80% 4.90%

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