In preparation for the multifamily quarterly feature in Real Estate Forum magazine, we sat down with many multifamily experts from around the country. On particular topic on the agenda was apartment vacancy and whether or not it will tick upward. While it is happening in some markets, there are dozens where the opposite is true, said sources. See the below commentary for more on the subject.
GlobeSt.com: A recent report we read said apartment vacancy continues to tick upward. Is that something you are seeing and can we expect that going forward? Do you expect a faster upward pace in the coming months? Why or why not?
Josh Dix, SVP in Trammell Crow Co.'s MidAtlantic Business Unit and National Practice: As you know, demand ebbs and flows, but strong fundamentals continue in most markets suggesting continued interest in multifamily/absorption. Vacancy has ticked upward slightly in some markets. It is something we expected to see in the short term as additional competition came on line in certain markets. In those markets, we do expect the vacancy uptick to moderate as new supply is absorbed.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
