Study Reveals Tightest U.S. Apartment Market

Renting a home in the US is a process fraught with anxiety these days. With markets across the country reporting vacancy rates at record lows, cities have been in a race for who’s rental market can tighten the most over the last year. The results are in—the San Jose metropolitan area has clinched the title for 2011. According to a study done by Marcus & Millichap Research Services, San Jose reported a vacancy rate of 3.1%  in the third quarter of 2011 which is significantly lower than the national average of 5.6% vacancy over the same timeframe. The good news is that the increase in the demand for rental housing seems to be tied to large economic growth for the region as tech workers flock to communities throughout the metro area. Please View the full article posted by The Silicon Valley/San Jose Business Journal.

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