Apartment Vacancy Rates Around 4%

By: KKCO Email
By: KKCO Email

Vacancy rates are still twice as high as they were this time a year ago for apartment rentals.

Grand Junction Housing Authority officials say Grand Junction is at about a 4% vacancy rate, and could go up even more when second
quarter numbers come out.

Housing authority officials say a 5-6% vacancy rate is still healthy, but the problem is affordability, as monthly rental rates are not going down as property management companies ride out the recession.

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