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Old 01-08-2014, 04:52 PM
 
4,714 posts, read 5,938,689 times
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Hartford is #6 nationally out of 79 metro regions, but New Haven is #1.

Report: New Haven Tightest U.S. Rental Market - Courant.com
Having trouble finding an apartment in the New Haven area?

Here's why: For the third quarter in a row, the New Haven area has the lowest apartment vacancy rate among the 79 U.S. metro areas tracked by Reis Inc., a real estate research firm.

New Haven apartment vacancy rate was 2.2 percent at the end of 2013, down 0.4 percentage point from a year ago. Average rent rose 2.5 percent to $1,154.
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Old 01-08-2014, 05:02 PM
 
Location: Atlanta, GA - Seattle, WA - Manila, PH
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Seems to me that an occupancy rate of around 90% - 95% is better - more than enough demand to keep the landlords happy, and ample supply for people to live where they choose.
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Old 01-08-2014, 05:25 PM
 
Location: Coastal Connecticut
21,618 posts, read 27,898,966 times
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That is why there's about a dozen apartment development projects in the queue right now. The city is glacially slow in approving them, it seems. That or the local NIMBY's try to do everything to kill them, citing everything from gentrification/poor people displacement to parking/density issues. The thing is, building more apartments would probably help lower income residents by stabilizing rent.
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Old 01-08-2014, 07:01 PM
 
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"Best" and "lowest vacancy rate" are not the same thing.
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Old 01-09-2014, 02:41 PM
 
Location: Connecticut
34,793 posts, read 56,662,823 times
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Quote:
Originally Posted by Dallascaper View Post
Seems to me that an occupancy rate of around 90% - 95% is better - more than enough demand to keep the landlords happy, and ample supply for people to live where they choose.
90 to 95% means that there are virtually no apartments available which is good for landlords but bad for tenants. Apartment prices will go up with little inventory available which someone looking for a place to rent will not like. The good thing is that means developers will come in and build more apartments which they are. Jay
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Old 01-09-2014, 03:41 PM
 
3,347 posts, read 4,147,652 times
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Quote:
Originally Posted by NewJeffCT View Post
Hartford is #6 nationally out of 79 metro regions, but New Haven is #1.

Report: New Haven Tightest U.S. Rental Market - Courant.com
Having trouble finding an apartment in the New Haven area?

Here's why: For the third quarter in a row, the New Haven area has the lowest apartment vacancy rate among the 79 U.S. metro areas tracked by Reis Inc., a real estate research firm.

New Haven apartment vacancy rate was 2.2 percent at the end of 2013, down 0.4 percentage point from a year ago. Average rent rose 2.5 percent to $1,154.
If it was just vacancy, Manhattan still has the vacancy edge per the WSJ this morning at 2.1%. They probably lump the other boroughs in though which certainly brings the figure higher.
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Old 01-09-2014, 05:06 PM
 
4,714 posts, read 5,938,689 times
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Quote:
Originally Posted by Wilton2ParkAve View Post
If it was just vacancy, Manhattan still has the vacancy edge per the WSJ this morning at 2.1%. They probably lump the other boroughs in though which certainly brings the figure higher.
Still, if it brings condo & apartment development to New Haven, and some of the surrounding community, it's going to be a "win" for the long term.
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Old 01-09-2014, 05:33 PM
 
Location: Live in NY, work in CT
11,262 posts, read 18,798,239 times
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They probably included all 5 boros otherwise Manhattan would've easily been #1. I'm surprised San Francisco wasn't #1.

But lots of flaws in this:

- Buffalo with its ever shrinking population in the top 10? My sister can tell you that there's LOTS of both housing and rental availability in that area.

- How do you count all of FFC? There's a big difference in apt. availability in say Greenwich/Stamford vs. Bridgeport vs. Danbury.
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