It’s been the topic of the last few blog posts, but Bloomberg.com has a story today about a rise in vacancy rates nationwide.  According to the article, the national apartment vacancy rate rose to 7.8% in the third quarter.  This is apparently the highest it has been since 1986.  The rise is attributed primarily to a drop in potential tenants because of rising unemployment rates and lower wages.  The article also points out that some cities, such as New York City and New Haven, CT actually had drops in their vacany rates.  However those cities are still experiencing lower rents.

I don’t have any hard numbers for Boston, but from what we are seeing here at weRENTboston and what we are hearing from landlords around the city – vacancies definitely appear to be higher than they have been in a long time. Not great news for local landlords but could be good for anyone in the market for a new Boston apartment.

Read the entire Bloomberg article here, or contact a weRENTboston agent for more information about what is available locally.