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Job Growth to Improve Apartment Market

WEST PALM BEACH, FL-Employment growth of 14,000 jobs in the metropolitan service area is expected to improve vacancy, as the city is expected to climb three slots on Marcus & Millichap's National Apartment Index.

By Melissa Bogdany | Updated on January 30, 2004

WEST PALM BEACH, FL-Vacancy in the metro area apartment market is expected to drop this year due to employment growth, states Marcus & Millichap Real Estate Investment Brokerage Co.’s 2004 National Apartment Research Report.

The city is forecast to move up three spots on the company’s National Apartment Index, from No. 23 last year to No. 20 this year. Also according to the report, the multifamily investment outlook for this year is good, with long-term demand expected.

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