by Calculated Risk on 8/30/2021 12:44:00 PM
Reis reported that the apartment vacancy rate was at 5.3% in Q2 2021, unchanged from 5.3% in Q1, and up from 4.9% in Q2 2020. The vacancy rate peaked at 8.0% at the end of 2009, and bottomed at 4.1% in 2016.
This graph shows the apartment vacancy rate starting in 1980. (Annual rate before 1999, quarterly starting in 1999). Note: Reis is just for large cities.
The vacancy rate has increased somewhat from the low in 2016.