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Apartment Vacancy Rates Hold Steady As Multifamily Demand Nearly Matches Supply

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CoStar Analytics
July 25, 2024 | 5:21 P.M.

Multifamily demand expanded during the second quarter as 170,000 more units were rented than vacated, the highest total since the third quarter of 2021. And while 180,000 new units also came on line, this was the smallest supply-demand gap in 11 quarters.

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