According to Multi-Housing News, while overall the real estate market is not doing well, the apartment market is holding up fairly well.

Through September of this year, apartments (five or more units) have hovered at 10.7% vacancy which is only 0.3% higher that that of a year ago and still lower than the tough rates of 2003-2004.

Even more, rents have still had increases of 1.7% through this year according to both private and public measurements.

Fourth quarter 2008 is showing some signs of weakness and 2009 is a time to be watchful. However apartments will likely fair better than the late 80′s-early 90′s recession as the apartment markets were overbuilt back then.

To view the full article, visit http://www.multihousingnews.com/multihousing/content_display/industry-news/e3ibc6a46a48b7615cbbd4aa453598bbc1b  

Your feedback and comments are always appreciated. Please contact me at Pete@ConsultPete.com or 925-719-3569. Many thanks to my listeners and readers for providing feedback. To learn more about my background, visit Consult Pete. To learn more about my company strategy, visit Commercial MasterMinds.